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Multi-use Building For Sale - by Matthew Lehman Real Estate

290-306 Laurel Mountain, Mammoth Lakes, California 93546

Property Description

Commercial business center, centrally located in Mammoth Lakes on the corner of Laurel Mountain Road and Sierra Nevada Road. 5,920 square feet of usable area (Includes common area, meeting space, and bathrooms) and 4,555 of leasable area. Property has a good/consistent rental history with professional occupants. 14 leasable spaces, a small conference room, utility room and common area. Roofs were replaced approximately 3 years ago. Rents are below market and have not been raised in years and current rents are reflective of rent concessions given during Covid 19. This property sits two lots totaling approximately .57 acres of land. Most rents have been kept month-to-month and are considered to be below market given their size and Covid concessions, talk with listing agent about details. CAM charges are passed through to tenants. Gross Rent and CAM Income for 2019, 2020, and 2021 was $89,997, $88,193 and $86,226 respectively.

Listing Agency
Matthew Lehman Real Estate
Address Map
Mammoth Lakes
Sierra Park
Laurel Mountain
W119° 1' 55.2''
N37° 38' 41.5''
Mammoth Lakes
290-306 Laurel Mountain Road
From Old Mammoth Road, turn west onto Sierra Nevada Road. Corner of Sierra Nevada Road and Laurel Mountain Road.
Mammoth Lakes
MLS Information
Active-under Contract
Commerical, Residential Income &

Listing ID #220163

290-306 Laurel Mountain, Mammoth Lakes, California 93546

Asking Price:

Basic Details
Property Type : Multi-use Building
Listing Type : For Sale
Listing ID : 220163
Price : $1,100,000
Square Footage : 5,920 Sqft
Year Built : 1991