This Property is no longer advertised on Showcase.com.
Off Market
1/11

2960 La Posada Way
Julian, CA 92036


OVERVIEW

The Pine Hills section of the Julian mountain area has always been considered the premier location to reside. Nestled in this amazing community is the the Pine Hill Retreat. Formerly, the Pine Hill Lodge, it was built in 1912. On the property is a large building that was constructed as a gymnasium for boxer Jack Dempsey for his fights against Gene Tunny in the 1920's. It is now used for indoor wedding ceremonies and a dining hall. In the past, the venue hosted a dinner theater for the Julian Theater company. It also provided a legendary Sunday brunch for the people of the community as well as the Airbnb guests that frequent the area. Zoned as a hotel, motel, there are 10 rooms sprinkeled amongst 4 out buildings, as well as 7 rooms upstairs in the main lodge building. Current owners has hosted as many as 15 wedding events a month providing a magical mountain wedding experience for the bride and groom and their many guests. The buyer of this property will be able to activate and enjoy additional multiple revenue streams, not currently being enjoyed. For example, the restaurant has been inactive as well as the bar and lounge, except for booked events. The 17 rooms are currently only used for wedding guests. Listing these rooms on airbnb would bring in sizable income. The Dempsey Building, besides hosting wedding events, can be used for the East County Performing Arts organization that would love to restore the tradition of a dinner theater performance schedule. Also, the venue could be used for corporate or holistic events, which are very popular in the mountains. Buyer could also submit the property for historic designation, which, once approved, would significantly lower the annual property tax bill.

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

STATUS

Converted

BUILDING DETAILS

PROPERTY NAME

Pine Hill Retreat, Formerly Pine Hill Lodge.

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

17000

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1920

PARKING SPACES

50

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-6

APN/PARCEL ID

289-420-07,289-420-08,289-420-09,289-420-10,289-420-11,289-420-16,289-420-17,289-420-18,289-420-19,289-420-20,289-420-21