53783 Highway 245Miramonte, CA 93641
- Retail properties
- 2,460 SF
Property Details for 53783 Highway 245
- Year built
- 1920
- Construction
- WOOD
- Lot size
- 3.44 AC
- Property size (Sq ft)
- 2,460 SF
- Zone code
- AG
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 195-120-37
- APU
- 19512037
Description
Nestled in the majestic mountains before Sequoia National Park, this exceptional 2,460 square foot property presents a unique investment opportunity. Situated on 3.44 acres of land along CA-245 Highway, this established Pinehurst Lodge Bar and Grill boasts a Type 47 Liquor License, ensuring immediate revenue generation. The property includes a charming cabin currently renting for $180 per night, offering additional income streams and potential owner occupancy. Nine dry campsites ($50/night) and one full hookup site ($100/night) are already booked for the year via Hipcamp, demonstrating strong demand and established clientele. On-site amenities designed to enhance guest experiences include a pool table, horseshoe pits, a refreshing swimming pool, and a large patio ideal for live entertainment. The high-traffic location on CA-245 attracts visitors from around the globe, providing significant visibility and potential for growth. With ample space for expansion, the property offers exciting possibilities for adding more cabins, glamping sites, or even developing a wedding venue. This turnkey operation presents a rare chance to own a thriving mountain lodge with substantial income potential and significant room for future development. Priced at $499,900.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $512,655
- 6.5%
- $473,220
- 7%
- $439,419
-
Comparable approach
- Method
- Valuation
- Relative Method
- $823,193
- Geo Method
- $1,178,840
-
Alternative Use
- Use
- Valuation
- Residential
- $399,179
- Hospitality
- $365,646
- Educational
- $304,213
- Medical
- $314,675
- Retail
- $473,220
Location Insight
- City
- Miramonte
- County
- Fresno
- State
- California
- Latitude
- 36.6978
- Longitude
- -119.015
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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