21581 Phoenix Lake Rd - Commercial LAND FOR SALE


Sonora, CA 95370 156,816 SF
$995,000 USD
209-444-6651
21581 Phoenix Lake Rd, Sonora, CA for Sale
$995,000 USD
Commercial LAND - FOR SALE
1/7
156,816 SF

21581 Phoenix Lake Rd
Sonora, CA 95370


HIGHLIGHTS

  • Utility Conversion Underway: Fully funded conversion to direct-billed electric and gas, reducing expenses and increasing future NOI.
  • $500K in POHs Included: Nine well-maintained park-owned homes included in the sale.
  • SFR + Separate Parcel: Included SFR on a ±2.1-acre R-3/O parcel with potential resale or development upside. Buyer to verify.
  • Diversified Income: Revenue from POHs, tenant-owned home sites, and the single-family residence.
  • Strong In-Place Income: The property generates $75,536 in NOI at a 7.59% cap rate, providing stable cash flow from day one.
  • Yosemite Corridor: Located in a supply-constrained market near Yosemite with strong demand for affordable housing.

OVERVIEW

13-unit all-age manufactured housing community in Sonora, California.? The sale includes two parcels: an approximately 2.1-acre R-3/O-zoned parcel improved with a single-family residence that may be sold separately at market value, and a second parcel containing the manufactured housing community, including approximately $500,000 in park-owned homes.? Buyer to verify.? The unit-mix consists of 9 park-owned homes, 3 tenant-owned homes, and 1 single-family residence, generating $73,916 in NOI.? A fully funded utility conversion to direct-billed electric and gas is currently underway, Completion is expected around early 2027.? reducing expenses and increasing future NOI.? Located along the Yosemite corridor, approximately 60 mins from Yosemite National Park and 1 hour from Modesto.? Hemingway’s Retreat offers stable income, multiple revenue streams, and clear upside.?

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/ACRE

$276,389/AC

PRICE/SF

$6 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Hemingway's Retreat

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Hospitality, Manufactured Homes/Mobile Home Park, Single Family Residence

LAND ACRES

3.6 AC

LAND SF

156,816 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity

ZONING

R-3/O

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.