Tom's Place Resort Hwy 395 - Hospitality FOR SALE


Crowley Lake, CA 93546
$1,850,000 USD
760-873-4161
Tom's Place Resort Hwy 395, Crowley Lake, CA for Sale
$1,850,000 USD
Hospitality - FOR SALE
1/11
null | 17.75% Cap Rate

Tom's Place Resort Hwy 395
Crowley Lake, CA 93546


OVERVIEW

Tom’s Place Resort is a rare opportunity to acquire a long-established, multi-revenue mountain hospitality business operating on a U.S. Forest Service Special Use Permit along the highly traveled U.S. Highway 395 corridor in California’s Eastern Sierra. With over 107 years of continuous operation, Tom’s Place is among the longest-running businesses in the region and has historically served as a critical traveler stop between Bishop and Mammoth Lakes. The resort combines lodging, food & beverage, retail, and operational housing into a single, diversified income property positioned to benefit from strong regional tourism and highway visibility.• Land Status: U.S. Forest Service land • Permit: Commercial Resort – Special Use Permit • Total Permitted Area: Approximately 7.75 acres • Highway Exposure: Direct access and visibility from U.S. Highway 395 • Regional Context: Between Bishop and Mammoth Lakes in Mono County The site is bordered by State land and US-395 to the north, DWP land to the west, Mono County to the east, and U.S. Forest Service land to the south. • Café / restaurant • Full bar • General store / market • Three public restrooms • ADA ramp access and accessible restroom Lodging Inventory • 12 cabins across eight buildings • Lodge building containing: o Seven private guest rooms o Two dorm-style rooms o One attached cabin Financials to be released for buyer review and inspection with suitable LOI/ Offer and with proof of funds. Buyer to verify all financials.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$1,454 USD /SF

# OF ROOMS

19

PRICE/ROOM

$97,368 {currency}

CAP RATE

17.75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Toms Place Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.78 AC

LAND SF

208,195 SF

ZONING

RM

APN/PARCEL ID

910-001-374-000

ASK ABOUT THIS PROPERTY

Randi PritchardEastern Sierra RealtyMore Info
760-873-4161

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Randi PritchardEastern Sierra RealtyMore Info
760-873-4161

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