67254 Highway 299E - Hospitality FOR SALE


Cedarville, CA 96104
$59,000,000 USD
530-263-5506
67254 Highway 299E, Cedarville, CA for Sale
$59,000,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

67254 Highway 299E
Cedarville, CA 96104


HIGHLIGHTS

  • Over 1,182 acres of geothermal land with $4M in grants and top-tier productivity per California Energy Commission reports.
  • 21 fully furnished guest accommodations, many with indoor or outdoor private mineral tubs.
  • Zoned AG with administrative use permit, allowing for a wide variety of commercial developments (resort, greenhouse, wellness center, and more).
  • Subdivision potential with 16 parcels ranging from 5 to 23 acres, power and phone stubbed in, surrounded by BLM land.
  • Strategic location near the CA/NV border, five miles from Cedarville and close to air travel access via Cedarville and Alturas airports.

OVERVIEW

Welcome to Surprise Valley Hot Springs, a rare and extraordinary geothermal resort property located in the secluded northeast corner of California, near the California-Nevada border. Encompassing over 1,182 acres of prime geothermal land, this destination offers a one-of-a-kind combination of natural beauty, sustainable energy potential, and commercial versatility. Backed by $4 million in grants and extensive geological research from the California Energy Commission—stating that “the productivity is among the highest levels seen in the geothermal industry”—this property is positioned atop an artesian aquifer capable of supporting vast development potential. Currently operating as a fully staffed resort, the property includes 21 fully furnished rooms, each with a kitchen or kitchenette, baths, and either indoor or outdoor hot mineral soaking tubs. Additional features include cold-water wells, RV park plans, and a mix of standard, deluxe, and suite-style accommodations—one of which boasts a private two-bedroom suite with an indoor mineral hot tub. The land is zoned General Agricultural (AG), and an existing administrative use permit allows for a broad range of commercial applications, including resort expansion, a wellness retreat, a greenhouse operation, or a commercial subdivision. Surrounded by BLM land and offering views of the Warner Mountains, this location is just five miles from Cedarville and within easy reach of restaurants, medical services, and the Cedarville Airport. The property is also close to hundreds of miles of trails, forest roads, and recreational opportunities like hunting, fishing, and birdwatching. This is a rare opportunity to acquire a fully operational geothermal resort with significant expansion potential in a uniquely strategic location. With both proven hospitality revenue and untapped energy and land development upside, Surprise Valley Hot Springs offers a compelling investment in California’s future of sustainable tourism and commercial growth.

FOR SALE DETAILS

PRICE

$59,000,000 USD

PRICE/SF

$1,244 USD /SF

# OF ROOMS

22

PRICE/ROOM

$2,681,818 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Surprise Valley Geothermal

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

1182 AC

LAND SF

51,487,920 SF

ZONING

AG

APN/PARCEL ID

033-020-031-000,033-070-023-000

ASK ABOUT THIS PROPERTY

Regina LasleyKeller Williams Realty Nevada CountyMore Info
530-263-5506

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

Regina LasleyKeller Williams Realty Nevada CountyMore Info
530-263-5506

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