Compare Listings



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 4,505 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 new short-term leases in place as of 6.1.2022. This property sits two lots totaling approximately .57 acres of land. CAM charges are passed through to tenants, but estimated CAM for foot for the spaces are set at $.65 and $.75. Gross Rent and CAM Income for 2019, 2020, and 2021 was $89,997, $88,193 and $86,226 respectively. 2022 Rent + CAM Income $97,428.

Listing Agency
Matthew Lehman Real Estate
Address Map
US
CA
Mammoth Lakes
Sierra Park
93546
Laurel Mountain
290-306
W119° 1' 55.2''
N37° 38' 41.5''
Mammoth Lakes
11+12
290-306 Laurel Mountain Road
From Old Mammoth Road, turn west onto Sierra Nevada Road. Corner of Sierra Nevada Road and Laurel Mountain Road.
Area
Mammoth Lakes
MLS Information
Active
C-OMR
2
Commerical, Residential Income &
0
$203
Commercial/industrial
Active

Listing ID #220163

290-306 Laurel Mountain, Mammoth Lakes, California 93546

Asking Price:
$1,200,000

Basic Details
Property Type : Multi-use Building
Listing Type : For Sale
Listing ID : 220163
Price : $1,200,000
Square Footage : 5,920 Sqft
Year Built : 1991