21581 Phoenix Lake Rd - Commercial LAND FOR SALE


Sonora, CA 95370 156,816 SF
$1,150,000 USD
209-444-6651
21581 Phoenix Lake Rd, Sonora, CA for Sale
$1,150,000 USD
Commercial LAND - FOR SALE
1/2
156,816 SF

21581 Phoenix Lake Rd
Sonora, CA 95370


HIGHLIGHTS

  • A utility conversion is paid for and underway to transition electric and gas to direct billing, significantly reducing operating expenses
  • Income is generated from park-owned homes, mobile home lots, and a single-family residence, reducing reliance on any single unit type
  • Located in a high-barrier market near Yosemite, benefits from strong housing demand.
  • A total of 9 park-owned park model homes included in sale, in good condition.
  • The property generates $73,916 in NOI at a 6.43% cap rate, offering investors stable yield.
  • Allows for multi-family residential use with open space flexibility, and potential future development.

OVERVIEW

Hemingway’s Retreat is a 13-unit community located in Sonora, California, in the foothills of Tuolumne County, approximately 60 minutes from Yosemite National Park. Built in 1958, the property operates at ~92% occupancy and generates $73,916 in NOI, offering a 6.43% cap rate with immediate cash flow. Included in the sale is a total of well-maintained 9 park-owned park model homes, 3 tenant owned homes, and 1 single-family residence, Utilities consist of master-metered electric, well water, and septic systems, creating additional upside through future utility recapture. Included in the sale is additional parcel ±2.1-acre zoned R-3 offering potential for future development (buyer to verify). Situated along Phoenix Lake Road in a scenic, foothill setting, the property benefits from strong local housing demand and tourismdriven traffic. With below-market rents, infill opportunity, and development potential, Hemmingway’s Retreat presents a straightforward value-add investment in a supply-constrained California market.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/ACRE

$319,444/AC

PRICE/SF

$7 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Hemingway's Retreat

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Manufactured Homes/Mobile Home Park

LAND ACRES

3.6 AC

LAND SF

156,816 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity

ZONING

R-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Pierce BrazilCommercial Real Estate Investors IncMore Info
209-444-6651

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Pierce BrazilCommercial Real Estate Investors IncMore Info
209-444-6651

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.