3863 Lake Mary Road - Retail FOR SALE


Mammoth Lakes, CA 93546
$4,000,000 USD
760-822-5845
3863 Lake Mary Road, Mammoth Lakes, CA for Sale
$4,000,000 USD
Retail - FOR SALE
1/25
null | Request Cap Rate

3863 Lake Mary Road
Mammoth Lakes, CA 93546


HIGHLIGHTS

  • Extremely Unique Lake Frontage, Legacy Property
  • Resort Zoning with development potential
  • Fee Simple Ownership - Surrounded by forest service lands
  • Currently used as general store and events location, and boat rentals

OVERVIEW

Arguably the most unique property in Mammoth Lakes. LAKE FRONT, FEE SIMPLE OWNERSHIP and surrounded expansive Forest Service Lands. 1.72 acres and zoned Resort(R). So many existing and potential uses: General store, weddings, boat rentals, private events, and potential for lodging and restaurant operations. Seasonal Water Rights may exist. The Pokonobe Resort and Marina is a legacy property stewarded through generations of family ownership. Over time, it has evolved into a cherished destination that has contributed to the region’s recreational and cultural fabric. Its rarity and historic significance transcend traditional valuation metrics—the current economics do not fully reflect the intrinsic value the property holds. For many, Pokonobe Resort and Marina is close to perfect as it stands, having served as the backdrop for decades of family memories. For those with a new vision, the property offers an extraordinary canvas. The Pokonobe Resort and Marina is the only fee simple lakefront property in the Mammoth Lakes area with Resort (R) zoning, delivering unmatched panoramic views and exclusive lake frontage on Lake Mary. This combination of attributes is virtually irreplaceable. Currently, the site hosts a collection of established amenities, including a charming general store, private boat docks, a fleet of rental boats, recreational equipment, large indoor event space, and a sprawling outdoor deck – an idyllic setting for lakeside dining, exclusive events, or unforgettable celebrations against the stunning natural backdrop. Situated at an approximate elevation of 9,000 feet, Pokonobe Resort and Marina is uniquely encircled by U.S. Forest Service land. Consequently, access via Lake Mary Road to the Lakes Basin is seasonally restricted and typically closed during the winter months, from late November to late April. This seasonal accessibility is a key operational consideration for potential investors. Financials will be provided with a complete NDA

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$1,500 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Pokonobe Resort and Marina

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

Resort

APN/PARCEL ID

022-490-008-000,022-490-009-000

ASK ABOUT THIS PROPERTY

Matthew LehmanMatthew Lehman Real EstateMore Info
760-822-5845

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Matthew LehmanMatthew Lehman Real EstateMore Info
760-822-5845

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