547 Main St - Hospitality FOR SALE


Big Bear Lake, CA 92315
$2,999,000 USD
909-273-8980
547 Main St, Big Bear Lake, CA for Sale
$2,999,000 USD
Hospitality - FOR SALE
1/6
null | 6.84% Cap Rate

547 Main St
Big Bear Lake, CA 92315


OVERVIEW

One of a kind, truly amazing property. Prepare to be astonished by this exceptional lodge in the heart of Big Bear Lake. The world famous Castlewood Cottages has been number one on Yelp and featured in numerous television shows such as 90 Day Fiance theb Single Life and This is L.A. Newspapers, blogs, magazines, books and the KTLA Rose Parade have all reported on this special property. Currentl there are 12 units on 547 Main and one unit on the back parcel. Every cabin has a different theme and is decorated and furnished accordingly. You can choosen a pirate theme, wizards cavern, Egyptian Pharoah, Medieval Court and on and on. So much fun. The seller calls the place " Inhabitable Art " and that description fits to a tee. It is close to the main road and walking distance to the Big Bear Village and all the best restaurants, shopping and night life. Only a five minute drive to both ski resorts and less than a block to the lake. The property is two properties being sold as one. The back lot is empty except for one cabin. Lot's of room to build at least seven more cabins. The two together make for a lot size of over an acre. The seller also owns 41081 Big Bear Blvd, a commercial building that is 2,574 square feet on a 4,600 square foot lot. This building is directly on Big Bear Blvd, the busiest road in Big Bear and directly adjacent to the lodge. Seller currently uses it as a boutique and also does check ins for the lodge there. Can be packaged with both properties for a great deal. If you ever thought about buying a lodge and living the good life in the beautiful mountains, this is the property you want. Make an appointment to come and see it for yourself, you won't be disappointed.

FOR SALE DETAILS

PRICE

$2,999,000 USD

PRICE/SF

$451 USD /SF

# OF ROOMS

11

PRICE/ROOM

$272,636 {currency}

CAP RATE

6.84%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Castle Wood Cottages

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1920

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

45,000 SF

ZONING

C-3

APN/PARCEL ID

0309-103-08,0309-103-14

ASK ABOUT THIS PROPERTY

Israel BardenReMax Big BearMore Info
909-273-8980

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Israel BardenReMax Big BearMore Info
909-273-8980

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