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290-306 Laurel Mountain Road

Mammoth Lakes, CA 93546
  • $1,200,000
  • STATUS: Active
  • ON SITE: 196 Days
  • MLS #: 220163
$1,200,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,920
    SQFT
  • $203
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1991

School Ratings & Info

Description

Commercial business center, centrally located in Mammoth Lakes on the corner of Laurel Mountain Road and Sierra Nevada Road. 5,920 square feet of usable area (Includes common area, meeting space, and bathrooms) and 4,505 of leasable area. Property has a good/consistent rental history with professional occupants. 14 leasable spaces, a small conference room, utility room and common area. Roofs were replaced approximately 3 years ago. Rents are below market and new short-term leases in place as of 6.1.2022. This property sits two lots totaling approximately .57 acres of land. CAM charges are passed through to tenants, but estimated CAM for foot for the spaces are set at $.65 and $.75. Gross Rent and CAM Income for 2019, 2020, and 2021 was $89,997, $88,193 and $86,226 respectively. 2022 Rent + CAM Income $97,428.

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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/126695574
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290-306 Laurel Mountain Road Mammoth Lakes, CA 93546

  • Price: $1,200,000
  • Status: Active
  • On Site: 196 Days
  • MLS #: 220163
0
Beds
0
Baths
0
½ Baths
0.57
Acres
5,920
SQFT
$203
$/SQFT
1991
Built
Neighborhood:
Sierra Park
Area:
Mammoth Lakes
Property Description
Commercial business center, centrally located in Mammoth Lakes on the corner of Laurel Mountain Road and Sierra Nevada Road. 5,920 square feet of usable area (Includes common area, meeting space, and bathrooms) and 4,505 of leasable area. Property has a good/consistent rental history with professional occupants. 14 leasable spaces, a small conference room, utility room and common area. Roofs were replaced approximately 3 years ago. Rents are below market and new short-term leases in place as of 6.1.2022. This property sits two lots totaling approximately .57 acres of land. CAM charges are passed through to tenants, but estimated CAM for foot for the spaces are set at $.65 and $.75. Gross Rent and CAM Income for 2019, 2020, and 2021 was $89,997, $88,193 and $86,226 respectively. 2022 Rent + CAM Income $97,428.
Exterior Features

Exterior Wood Siding Exterior Features Landscaping Lot Dimensions 172 X 134 Parking Open Parking Spaces Pro-Rata Roof Flat Style Building Free StandingWood Frame

Interior Features

Air Conditioning None Floor Other/See Remarks Heating PropaneForced Air

Property Features

Documents On File Leases Equipment Inventory No Gross Income 97428 Lease Yes List Type CommericalResidential Income & Vacant Land Listing Agreement Lot Unit 11+12 Number Of Units Six + Orientation East Sale Rent For Sale Type Multi-Use Building Utilities CableElectricGas Utilities Rental Other/See Remarks Vacant No Water Sewer Public WaterSewer In Street Zoning C-Omr

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