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Hotel-Motel

Paradise Springs

52770 Rd 632, Oakhurst, CA 93644

Listing Price: $4,500,000

Cap Rate
2.56%
Number of Rooms
31
Gross SF
5,000
Price/Room
$145,161
Price/Gross SF
$900.00
Year Built
1932

Investment Overview

Marcus & Millichap along with Northgate Commercial Real Estate has been selected to exclusively market a "Secret Place" - Paradise Springs - located on one hundred secluded acres at 5,200 ft. elevation just off of Highway 41 near the south entrance to Yosemite National Park and is surrounded by the Sierra National Forest. The foothills town of Oakhurst, Bass Lake, the historic Sugar Pine Railroad, Badger Pass Ski Resort, and Yosemite National Park are minutes away. This property defies description - it must be seen to be fully appreciated and to comprehend the underutilized potential this amazing property offers the next ownership. This stunning property features a main lodge, The Villa, that has seven cozy bedrooms and sleeps twenty and comes with an upscale commercial kitchen and dining room that seats fifty guests facing a large stone fireplace. The Bella Pavilion is a large reception and banquet hall with another commercial kitchen and stone fireplace making it the perfect facility for weddings, anniversary, business meetings, or any large function. Additionally, there are four secluded cottages tucked around this mountain hideaway each one has a modern kitchen, full bath, wood burning fireplace, decks, bbq's outdoor fire pits and some with lake views. The onsite infrastructure includes multiple septic systems; a water storage (25,800 gal.) and underground delivery system that delivers natural pure Sierra Mountain spring water to all buildings and cottages; a generator driven electrical system that delivers underground power to each structure as well as outdoor lighted pathways; propane gas is also delivered underground from the onsite storage tank compound. All services are oversized to accommodate future expansion, and everything built and installed was performed and approved with required permits and county inspections. The asking price of $4,500,00 is well below replacement costs and supported by a MAI Appraisal conducted in 2016.

Investment Highlights

  • Tremendous upside potential: current utilization is only 99 days per year. At a 60 % utilization, usage would increase more than double to 219 days (221%)!
  • Increased utilization could occur with no capital investment - all infrastructure and facilities are in place and adequate to handle the increased usage.
  • Plenty of land for enlarging Paradise Springs, only a small portion of the 100-acre property is currently developed.
  • Already approved Use Permits allow for an additional 54,420 sq. ft. of Cabins plus RV/Glamping/Camping Sites - accommodations for an additional 465 guests.
  • Sierra Mountain Crystal Clear Spring Water storage capacity is 25,800 gal. Onsite propane storage capacity 3,500 gal. Two 80 KW diesel generators - all with capacity for additional development
  • Property is minutes from Oakhurst; Bass Lake; Sugar Pine Railroad; Badger Pass Ski Resort and Yosemite National Park.
  • Owner financing available to qualified buyer (negotiable terms).

Exclusively Listed By

Listing Price: $4,500,000

Cap Rate
2.56%
Number of Rooms
31
Gross SF
5,000
Price/Room
$145,161
Price/Gross SF
$900.00
Year Built
1932

Investment Highlights

  • Tremendous upside potential: current utilization is only 99 days per year. At a 60 % utilization, usage would increase more than double to 219 days (221%)!
  • Increased utilization could occur with no capital investment - all infrastructure and facilities are in place and adequate to handle the increased usage.
  • Plenty of land for enlarging Paradise Springs, only a small portion of the 100-acre property is currently developed.
  • Already approved Use Permits allow for an additional 54,420 sq. ft. of Cabins plus RV/Glamping/Camping Sites - accommodations for an additional 465 guests.
  • Sierra Mountain Crystal Clear Spring Water storage capacity is 25,800 gal. Onsite propane storage capacity 3,500 gal. Two 80 KW diesel generators - all with capacity for additional development
  • Property is minutes from Oakhurst; Bass Lake; Sugar Pine Railroad; Badger Pass Ski Resort and Yosemite National Park.
  • Owner financing available to qualified buyer (negotiable terms).

Investment Overview

Marcus & Millichap along with Northgate Commercial Real Estate has been selected to exclusively market a "Secret Place" - Paradise Springs - located on one hundred secluded acres at 5,200 ft. elevation just off of Highway 41 near the south entrance to Yosemite National Park and is surrounded by the Sierra National Forest. The foothills town of Oakhurst, Bass Lake, the historic Sugar Pine Railroad, Badger Pass Ski Resort, and Yosemite National Park are minutes away. This property defies description - it must be seen to be fully appreciated and to comprehend the underutilized potential this amazing property offers the next ownership. This stunning property features a main lodge, The Villa, that has seven cozy bedrooms and sleeps twenty and comes with an upscale commercial kitchen and dining room that seats fifty guests facing a large stone fireplace. The Bella Pavilion is a large reception and banquet hall with another commercial kitchen and stone fireplace making it the perfect facility for weddings, anniversary, business meetings, or any large function. Additionally, there are four secluded cottages tucked around this mountain hideaway each one has a modern kitchen, full bath, wood burning fireplace, decks, bbq's outdoor fire pits and some with lake views. The onsite infrastructure includes multiple septic systems; a water storage (25,800 gal.) and underground delivery system that delivers natural pure Sierra Mountain spring water to all buildings and cottages; a generator driven electrical system that delivers underground power to each structure as well as outdoor lighted pathways; propane gas is also delivered underground from the onsite storage tank compound. All services are oversized to accommodate future expansion, and everything built and installed was performed and approved with required permits and county inspections. The asking price of $4,500,00 is well below replacement costs and supported by a MAI Appraisal conducted in 2016.

Exclusively Listed By

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