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Property profile & analytics
OFF-MARKET
Commercial real estate

290 Old Pony Expess Trl Markleeville, CA 96120

8.9 ac lot Built 1981
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Year built 1981
Lot 8.9 ac (387,684 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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