For more information on this property,
contact Matthew Lehman at 760-934-1110 or Matthew@HomesMammoth.com
290-306
Laurel Mountain Road,
Mammoth Lakes,
California
CA
93546
Price: $1,200,000
Listing ID 220163
Status ACTIVE-UNDER CONTRACT
Min Sq Ft 5,920
Min Acres 0.570
Year Built 1991
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.
Primary Features
County:
Mono
Price/SqFt:
202.7
Property Sub Type:
Multi-Use Building
Property Type:
Commercial/Industrial
Subdivision:
Sierra Park
Year Built:
1991
Zoning:
C-OMR
Interior
Air Conditioning:
None
Floor:
Other/See Remarks
Heating System:
Propane, Forced Air
External
Building Exterior:
Wood Siding
Exterior Features:
Landscaping
Lot Dimensions:
172 x 134
Parking:
open
Parking Spaces:
pro-rata
Road Frontage:
194
Roof:
Flat
Style/Building:
Free Standing, Wood Frame
Utilities:
Cable, Electric, Gas
Utilities Rental:
Other/See Remarks
Water/Sewer:
Public Water, Sewer In Street
Location
Area:
Mammoth Lakes
Lot/Unit:
11+12
Orientation:
East
Region:
MAMMOTH LAKES
Additional
Contingency Removal Date:
2023-05-03T00:00:00+00:00
Equipment Inventory:
no
New Construction:
no
Number of Units:
Six +
Status Category:
Active
Status Detail:
5
Stories:
2
Sub Status:
Standard
SystemID:
220163
Vacant:
no
Vacant:
no
Financial
Gross Income:
97,428
Lease:
yes
Net Income:
see OM
Sale/Rent:
For Sale
Zoning Info
© 2023 Mammoth Lakes Multiple Listing Service
Information deemed reliable but not guaranteed
Listing courtesy of Matthew Lehman of Matthew Lehman Real Estate. Data last updated: Tuesday, March 28th, 2023 at 04:23:55 AM.
Information deemed reliable but not guaranteed
Listing courtesy of Matthew Lehman of Matthew Lehman Real Estate. Data last updated: Tuesday, March 28th, 2023 at 04:23:55 AM.
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