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39904 Big Bear BLVD Big Bear, CA 92315
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Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2500128
HOA Y/N No
Year Built 1935
Property Sub-Type Hotel/Motel
Property Description
6.22% Net Cap Rate of passive Income for the smart Investor!!! In 2019 everything was fully overhauled and beautifully renovated. That included structural, electrical, plumbing, walls, flooring, windows etc. even brand-new interior Fire Sprinkler system, as per current building codes. Absolute NNN Lease in place for the next 10+ years. Single Tenant pays Property Tax, All Insurance Cost, Maintenance, etc. Zero Owner Responsibility/passive Income. 6.22% CAP Rate. Buildings sit on over 1/2 acre and there are plenty of parking spots (approx.30) Fantastic Visibility and very easy access because the property is located directly on the Main Road (HWY 18 / Big Bear Blvd.) Close to All attractions! Walking distance and view of Big Bear Lake. Great Investment opportunity in this Southern California Darling Vacation Spot: "Big Bear Lake Winter and Summer Vacation Destination" Fully running Restaurant (famous USA Country Kitchen Franchise) with over 20 dining tables, big Kitchen, cellar for cooler and storage, and Mini Hotel with a total of 8 Guest rooms and 10 Bath rooms total. Most visited Ski Location in Southern California. Big Bear has approx. 3M+ annual visitors and approximately $30M are spent annually on Food and Beverages. Approx. $450M annually spent on general tourism and lodging on this famous S. California Tourist Destination.
Location
State CA
County San Bernardino
Area 289 - Big Bear Area
Zoning C
Interior
Fireplace No
Exterior
Community Features Park
Building
Lot Description Level, Near Park
Story 2
Others
Tax ID 0307192340000
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Sachi Plummer • Real Estate eBroker • sachisrealestate@gmail.com
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