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    6603 Lake Tulloch Pl Copperopolis, CA 95228

    Sponsored
    For Sale
    $7,700,000

    Profitable waterfront business, California.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents Drifters Marina & Grill, a thriving restaurant, bar, and marina situated on the picturesque shores of Lake Tulloch in Copperopolis, California. The property encompasses a substantial 70,132 square foot lot and features 48 wet slips and 19 dry slips housed in covered garage bays, providing convenient boat storage and launch capabilities. As the sole provider of marine fuel on the lake, Drifters enjoys a captive market of boaters. The restaurant, the only waterfront dining establishment on Lake Tulloch, holds an exclusive liquor license and operates seasonally from March to September, attracting significant crowds. Adding to its appeal, the sale includes a 1,958 square foot, two-bedroom, one-bathroom condominium located above the restaurant, offering stunning lake views and potential for owner occupancy or vacation rental income, estimated at an additional $60,000 per season. The property boasts advanced security systems with key card gated access, a private launch, and a best-in-class POS system. The asking price is $7,700,000, with a 6.00% cap rate. The property is zoned REC-PD and includes 19 loading docks. This unique offering presents a rare chance to acquire irreplaceable waterfront real estate with significant income potential and expansion opportunities, including the possibility of developing an adjacent undeveloped lot. A neighboring condo recently sold for $950,000. This Class A, Core+ investment is a truly unique opportunity.

    Property Features for 6603 Lake Tulloch Pl

    General Information

    Property type
    Marinas
    Class
    A

    Building Details

    Units
    67

    HighLights

    • Fee Simple Ownership
    • 48 Wet Slips and 19 Dry Slips in covered bays
    • Sole provider of dockside fuel on Lake Tulloch
    • Only waterfront dining establishment on Lake Tulloch with exclusive liquor license
    • Adjacent undeveloped lot available for expansion
    • Advanced security system with key card gated access and private launch
    Property Profile Location Intelligence

    Current Use by Public Records

    Drifters Marina and Grill American Restaurant Drifters Night Market Night Market

    Suggested Use

    Realty agency Dental Office Clothing Store Hotel & Motel Kitchen & Bath Bar & Pub Furniture Store Bed & Breakfast Plumbing Service Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Copperopolis
    County
    Calaveras
    State
    California
    Longitude
    -120.59535122315
    Latitude
    37.907012714614

    Nearby Comparable

    • $5,750,000
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      Drifters Marina & Grill For Sale

      Waterfront marina and grill with condo on Lake Tulloch.
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      View Details
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      Updated Waterfront Condo with Boat

      Fully furnished, updated waterfront condo with boat included and lake views.
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    • $55,000

      Land For Sale Copperopolis

      Land available for purchase in Copperopolis, California.
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    • $330,000
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      Flex Space in Copperopolis

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    • $5,750,000
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      Drifters Marina & Grill For Sale

      Waterfront marina and grill with condo on Lake Tulloch.
      6603 Lake Tulloch Pl, Copperopolis, CA 95228
      View Details
    • $799,900
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      Updated Waterfront Condo with Boat

      Fully furnished, updated waterfront condo with boat included and lake views.
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      View Details

    FAQs

    What type of property is this?
    Marina - Profitable waterfront business, California.
    Where is this marina located?
    The property is located at 6603 Lake Tulloch Pl Copperopolis, CA.
    What is the asking price?
    The asking price for this property is $7,700,000.
    What are key features of this property?
    This property features: Fee Simple Ownership; 48 Wet Slips and 19 Dry Slips in covered bays; Sole provider of dockside fuel on Lake Tulloch
    Request Owner's contact information
    6603 Lake Tulloch Pl Copperopolis, CA 95228
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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
    6603 Lake Tulloch Pl Copperopolis, CA 95228
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