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About This Home
This 0-bedroom, 0-bathroom commercial at 274 Lagoon Street in Bishop, CA is listed for $1,500,000 ($301 per sqft). Built in 1947, the home offers 4,980 sqft of living space on a 0.35 acres lot.
This charming, mid-century, 16-room motel offers a blend of comfort, convenience, and reliable income in a prime location just a short stroll from downtown's restaurants and a local bakery. Each guest room is thoughtfully updated with stylish dcor, upgraded laminate flooring, refrigerator and microwave in each room, while select units feature full kitchens or kitchenettes for extended stays.
The property includes a spacious three-bedroom manager's residence with a front office, currently undergoing remodeling.As part of an investment portfolio of four other properties in Bishop, this motel benefits from a contract with Mammoth Mountain each winter season to house overflow employees. Two of the portfolio properties for sale are right next door at 236 Lagoon St and 331 S Warren St. This is an exceptional opportunity for an investor seeking both stability and upside income potential.
Key Features
- Built in 1947
- 0.35 acre lot
Property Details
Monthly Cost Estimate
$8,022/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
274 Lagoon Street
Bishop, CA 93514
Property Details
Flooring
Construction
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 274 Lagoon Street is listed at $1,500,000 ($301/sqft). The estimated monthly payment is $6,500 based on 20% down at 6.5% interest.
Key features include: Built in 1947, 0.35 acre lot.
This property is listed by Susan Maclean and can be reached at (560) 542-5555 or reed.dickert@cbselectre.com.