908 Pine Knot Avenue
Big Bear, CA, 92315 $ 2,250,000
Baths0.0 Sq 5,036 Monthly Estimate*
$ 14,954
Studio
for $2,250,000. This 5,036 square foot building was built in 1979 on a lot size of 2.0143.
Introducing a rare and exceptional opportunity in the heart of Big Bear Lake nine private cabins with a priceless hotel/motel license, encompassing two R3 zoned parcels spanning just over 2 acres of land. Situated in a prime location, this property offers a serene and quiet setting, just three blocks south of The Village, providing guests with the perfect retreat to relax and immerse themselves in the natural beauty of the area.Nestled amidst wooded surroundings on a tranquil street, this property stands out as a unique offering in Big Bear Lake, providing a peaceful and serene atmosphere unlike most other hotels in the area. With the potential for development, including the addition of more units, this property presents an exciting opportunity for growth. While current approvals are not in place, the development potential offers a promising prospect for expansion and enhancement.Currently fully operational, this property is an ideal opportunity for an owner-operator, boutique hotel, corporate retreat, or full-time rentals. The exceptional unit mix, coupled with the ample open space and frontage on Pine Knot Avenue, Cameron Court, and Cameron Drive, presents an attractive canvas for growth and diversification.With its unbeatable location and exceptional potential, this property is a rare find in Big Bear Lake. Don't miss the chance to own this remarkable investment that offers a perfect blend of tranquility, development potential, and prime positioning. Explore the endless possibilities that await with this extraordinary property. This property is currently operating with a hotel/motel license, offering the flexibility to add additional retail operations, making it an ideal investment opportunity. With eight vacation rental keys, an office featuring a reception area, and an onsite laundry facilities equipped with multiple machines. Two cabins set up as 1 bedroom, 1 bath. Five cabins set up as 2 bedroom, 1 bath. One cabins is a 2-story Gambrel style with 2 bedrooms and 2 baths. One cabin is set as an office and reception area with laundy room at the rear of the lower level and the manager's apartment above with 1 bedroom, 1 bath. Additionally, the property benefits from the presence of an exceptional full-time manager, ensuring that operations run smoothly and guests receive top-notch service throughout their stay. Financial details are available upon request with a signed NDA. Don't miss the chance to explore the endless possibilities presented by this remarkable collection of cabins in the heart of Big Bear Lake. There are also two dedicated 220 EV outlets for guests or pay per use for area visitors.
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FeaturesGeneralUtilities NaturalGasAvailable Propane SeeRemarks
Roof Asphalt
Zoning R-3
HOA 0.0
Security Features CarbonMonoxideDetectors ResidentManager SmokeDetectors
Construction Materials Frame WoodSiding
Year Built 1979
Business Type Hospitality
Community Features Park
Building Name Big Bear Village Cabins
Business Name Big Bear Village Cabins
County San Bernardino
Net Operating Income 144541.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Possible Use MultiFamily
Garage Y/N N
Special Listing Conditions Standard
Status Active
Buyer Financing Cash Private
Directions From the corner of Village Drive and Pine Knot Avenue head south approximately 3 blocks on the right side of the road.
City Big Bear
View Y/N N
Senior Community Y/N N
Open Parking Spaces 16.0
Total Units 9
MLS Area 289 - Big Bear Area
Lot Size Square Feet 87745.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Pine Knot
Listing Terms Cash OwnerMayCarry PrivateFinancingAvailable TrustDeed
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 1
Standard Status Active
Ownership Type Corporation
Cap Rate 6.2
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ExteriorLot Features BackYard Garden GentleSloping LotOver40000Sqft NearPark Secluded
Water Source Public
Total Parking 16.0
Lot Size Area 87745.0
Number of Buildings 9
Spa N
Building Area Total 5036.0
Lot Size Acres 2.0143
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $14,954
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Big Bear, CA
Average List Price $1,317,767
Percent of Sale Price 41%
About Big Bear, CA 14,187 Population
28% Since 2002
$ 46,973 Median Income
44.61 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/2/2024 | $2,250,000 | | Listed Price |