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1528 Tavern Road Road

Mammoth Lakes, CA 93546
  • $2,000,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 220611
$2,000,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,436
    SQFT
  • $582
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1971

School Ratings & Info

Description

The Mogul Restaurant- Opportunity to purchase the real estate and business for one of Mammoth's longest established restaurants. 3,436 square feet of total building area, which includes the restaurant (Approx 2,836 sq. ft) and a two-bedroom apartment (approx. 600 sq ft) on the second level (currently used as office space). Sale includes FFE and a Type-47 liquor license. Seating for 104 occupants, 24 on-site parking spaces and 38 off-site spaces (available after 5:00pm). Additional parking in the Town "Park-N-Ride" and charging station, just 400' to the east. 81 new housing units currently under construction in the first phase of the "The Parcel" housing development, 1 block to the west. Future phases of The Parcel schedule for 2024. Property is owner occupied and has been since inception. Roof is relatively new and parking lot has just been slurred and re-striped. Average Net Income for the business is 25% of Gross. Income history is stable with consistent increases over the past 5+ years (Covid shutdowns aside). Current revenues are trending toward record levels

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© 2022 Mammoth Lakes Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rebecca Garrett - Mammoth Realty Group. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2022-09-26T23:52:08.99.

Licensed in the State of California.
www.rebeccagarrett.com/homes/132057051
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1528 Tavern Road Road Mammoth Lakes, CA 93546

  • Price: $2,000,000
  • Status: Active
  • On Site: 46 Days
  • MLS #: 220611
0
Beds
0
Baths
0
½ Baths
0.37
Acres
3,436
SQFT
$582
$/SQFT
1971
Built
Neighborhood:
Sierra Park
Area:
Mammoth Lakes
Property Description
The Mogul Restaurant- Opportunity to purchase the real estate and business for one of Mammoth's longest established restaurants. 3,436 square feet of total building area, which includes the restaurant (Approx 2,836 sq. ft) and a two-bedroom apartment (approx. 600 sq ft) on the second level (currently used as office space). Sale includes FFE and a Type-47 liquor license. Seating for 104 occupants, 24 on-site parking spaces and 38 off-site spaces (available after 5:00pm). Additional parking in the Town "Park-N-Ride" and charging station, just 400' to the east. 81 new housing units currently under construction in the first phase of the "The Parcel" housing development, 1 block to the west. Future phases of The Parcel schedule for 2024. Property is owner occupied and has been since inception. Roof is relatively new and parking lot has just been slurred and re-striped. Average Net Income for the business is 25% of Gross. Income history is stable with consistent increases over the past 5+ years (Covid shutdowns aside). Current revenues are trending toward record levels
Exterior Features

Exterior Wood Siding Exterior Features Handicap Access Lot Dimensions 103 X 178 X 78 X 174 Parking Open Parking Spaces 24On+39Off Roof Composition Style Building Free StandingRestaurantWood Frame

Interior Features

Air Conditioning Other/See Remarks Floor CarpetVinyl Floors Heating PropaneElectricForced Air Interior Features Handicap Access

Property Features

Business Days M-F Business Hours 5:00 - 10:00 Business Name Mogul Equipment Inventory Yes Lease No List Type CommericalResidential Income & Vacant Land Listing Agreement Lot Unit 10 Number Of Units One Orientation South Property Description Loc. In City Limits Sale Rent For Sale Type Restaurant Utilities CableElectricGasSeparate Meters Vacant No Water Sewer Public WaterSewer Connected Zoning Commercial

Listing provided courtesy of Matthew Lehman of Matthew Lehman Real Estate:760-934-1110.
© 2022 Mammoth Lakes Board of Realtors.


© 2022 Mammoth Lakes Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rebecca Garrett - Mammoth Realty Group. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2022-09-26T23:52:08.99.

Licensed in the State of California.
 
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Rebecca Garrett - Mammoth Realty Group
501 Old Mammoth Road PO Box 100 - PBM #574
Mammoth Lakes CA, 93546