290-306 Laurel Mountain Road, Mammoth Lakes, CA 93546 | Listings

290-306 Laurel Mountain Road, Mammoth Lakes, CA 93546

  • $1,200,000
  • 5,920 sq ft
  • Year Built: 1991
  • Commercial
  • Listing #220163

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 Details

Price$1,200,000
Year Built1991
Property TypeCommercial
Listing #220163
StatusActive
Listing TypeFor Sale

Interior Features

Square Feet5,920
FloorsOther/See Remarks
Heating and CoolingPropane, Forced Air

Exterior Features

ExteriorWood Siding
RoofFlat
Lot Size0.57 acres

Miscellaneous

MLS AreaMammoth Lakes

Courtesy of Matthew Lehman Real Estate760-934-1110

Copyright 2022, Mammoth Lakes Board of Realtors. All rights reserved. The data relating to real estate for sale on this website is deemed reliable but not guaranteed.
This content last updated on 9/29/2022 12:30 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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