Historic Sierra Inn 2588 Boulder Drive

Investment Highlights

Summer and Winter Resort. 114 feet of Hwy 158 frontage. Full renovation. A RARE "Type 47 Full Liquor License" included in the sale. In town location steps to Lakes

Executive Summary

This is a HISTORIC COMMERCIALPROPERTY with steady cash flow and has been completely renovated & modernized. Presenting a unique property in one of California's last charming and unexploited mountain Communities, June Lake. This historic, iconic building has been a long time fixture in the "Alps of the Sierra" and is now ready for a new owner.The property has had substantial upgrades which include: Approx. 7,076 total square feet. *2 outdoor patios totaling 1,081 square feet * Two lots totaling .49 acres, including 114 feet of highway frontage * 3 separate businesses operated by one owner with long term lease in place * Upgraded electrical, HVAC, plumbing, New roof, exterior fa?ade and signage, flooring, kitchen equipment, two new bar configurations including keg handles, painting, extensive drywall and tile, fire suppression, ventilation hood and sprinkler system, remodeled bath rooms and many other building enhancements * 100 person, best-in-class music venue with professionally designed sound system * Fully ADA compliant including elevator lift, ramp and 2 parking spots ***Class Type 47 liquor license* Approved plans for 132 panel solar array* The Loop Cam broadcasting from the building?s roof, showcasing the beauty of the area. This is the opportunity for a quality life, to live and play in the Sierra while generating a substantial income and inheriting a fabulous tenant. June Lake has been experiencing a revitalization with several new businesses opening & an uptick in tourism since the pandemic. June Mountain is included on the Ikon Pass. This is the ski industry?s largest portfolio and has been beneficial for winter visitation. With a commanding location as the first property when entering downtown, the Sierra Inn building has been a fixture in June Lake for many decades. Inside the building, there are three different successful businesses (pizzeria, restaurant/bar/nightclub and Latin restaurant) operated by one owner w/a long term lease in place.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    1,148
• Year Built    1989
• Price    1,300,000
• Price Per SF    1,132
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    0.38 AC

• Freezer (Space)
• Restaurant
• Wheelchair Accessible
• Roof Terrace
• Recessed Lighting
• Smoke Detector