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    290 Old Pony Expess Trl Markleeville, CA 96120

    For Sale
    $785,000

    Mixed-use building, 8.9 acres, Hwy 88 frontage.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This remarkable commercial property presents a unique investment opportunity in the desirable Woodfords/Markleeville area. Situated on a spacious 8.9-acre lot with prime Highway 88 frontage, the property boasts excellent curb appeal and visibility. The 4200 square foot, two-story building is zoned for both residential and agricultural use, with the building itself designated as commercial. The ground floor currently operates as a successful country store and deli, a business that has occupied the space for over three decades. This established tenant offers a consistent income stream, further enhanced by California Lottery ticket sales. The downstairs features a welcoming front porch, two large rooms, two half bathrooms, and a fully equipped commercial kitchen including three sinks, a walk-in refrigerator, and a commercial oven. Upstairs, the property offers two additional large rooms, a full bathroom, and a residential kitchen complete with an oversized refrigerator, dishwasher, and range. This upper level presents versatile options, suitable for expansion of the existing business, leasing as a separate commercial space, or even conversion into a residential apartment. The property's zoning and existing infrastructure provide significant flexibility for a variety of commercial and potential residential uses, making it an exceptional investment in a picturesque and thriving location.

    Property Features for 290 Old Pony Expess Trl

    General Information

    Property type
    Other commercial real estate
    Lot Size
    387,684 SF

    Building Details

    Year Built
    1981
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Markleeville
    County
    Alpine
    State
    California
    Longitude
    -119.8225
    Latitude
    38.7769

    Nearby Comparable

    • New
      $3,250,000
      571.50 Acres

      Sierra Nevada Mountain Paradise

      570+ acres in the Sierra Nevada mountains.
      047 State Route 89, Markleeville, CA 96120
      View Details
    • $270,000
      160.00 Acres

      160 Acres of Sierra Nevada Land

      Pristine land near Markleeville, ideal for recreation or investment.
      Ditch Rd, Markleeville, CA 96120
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Mixed-use building, 8.9 acres, Hwy 88 frontage.
    Where is this commercial real estate located?
    The property is located at 290 Old Pony Expess Trl Markleeville, CA.
    What is the asking price?
    The asking price for this property is $785,000.
    (530) 277-2589
    Request Owner's contact information
    290 Old Pony Expess Trl Markleeville, CA 96120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    290 Old Pony Expess Trl Markleeville, CA 96120
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