42268 Moonridge Rd Big Bear Lake, CA 92315
- Hospitality properties
- 5,936 SF
Current Use by Public Records
- Hospitality properties
Property Details for 42268 Moonridge Rd
- Year built
- 1965
- Property size
- 5,936 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional investment opportunity presents a 12-key motel nestled in Big Bear Lake, California. The property, known as Goldmine Lodge, boasts a charming Western theme and is situated on a spacious, nearly one-acre lot (43,560 sq ft) in a tranquil wooded area, yet conveniently located near Big Bear Blvd, Bear Mountain Ski Resort, and the zoo. The 5,936 square foot property features two buildings, each two stories high, and includes a separate, two-bedroom manager's house, offering additional rental income potential. The motel itself offers a mix of rooms with king or queen beds, and family-sized suites with one or two bedrooms, accommodating 20-30 guests. Many units are equipped with kitchenettes featuring microwaves, refrigerators, ranges, and ovens. The property underwent a significant renovation in 2022, transforming it from a dilapidated state to its current condition. Ample parking is available on-site. The property's location offers easy access to restaurants, grocery stores, hospitals, and other amenities. The expansive grounds provide opportunities for corporate events, weddings, or further expansion. This fee-simple ownership presents a rare chance to acquire a well-maintained, profitable hospitality business in a prime Big Bear Lake location. Built in 1965, the property is zoned for motel use (APN: 2328-213-19-0000). The asking price is $1,900,000 ($320.08/sq ft).
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Big Bear Lake
- County
- San Bernardino
- State
- California
- Longitude
- -116.88
- Latitude
- 34.243
