39756 Big Bear Blvd Big Bear Lake, CA 92315

This exceptional 17-key motel, known as Bay Meadows Resort or Krystal Bay Resort, presents a lucrative investment opportunity in the heart of Big Bear Lake, CA. Situated across from City Hall and the Performing Arts Center, this property enjoys unparalleled access to the entire Big Bear Lake recreational area. The 12 meticulously maintained and recently renovated (2020) cabins offer comfortable accommodations for guests. Amenities include a fenced swimming pool and a Finnish-style sauna, enhancing the vacation experience. The property's proximity to the lakefront (a short walk away) adds significant appeal. The 4.67-acre lot (43,996 sq ft) encompasses six parcels, three of which are vacant and offer substantial expansion potential. Detailed architectural plans are available for adding 20 more units, significantly increasing the property's capacity and revenue generation. Ample paved parking is available for guests. While near the lake floodplain, the large vacant parcels present significant upside potential for a developer. The existing 12,583 square foot motel building, built in 1956, offers a strong foundation for growth, particularly with strategic marketing to maximize revenue. This property is an ideal acquisition for a seasoned developer or an investor with marketing expertise seeking to capitalize on Big Bear Lake's thriving tourism industry. An on-site tour or overnight stay will showcase the property's unique appeal and potential. The asking price is $5,350,000. APN: 0307122290000.