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7589 Highway 120, OUT OF AREA, CA 95321

$2,550,000
Property Type: Commercial Sale Lot Size (sq. ft.): 2,178,000 Status: Closed
Current Price: $2,550,000 List Date: 4/05/2018 Last Modified: 9/16/2024

Description

Yosemite Ridge Resort is the ultimate RV destination for Yosemite guests. Ideally-situated on HWY 120, the National Park’s main artery, Yosemite Ridge is uniquely positioned to serve the National Park’s 5-million-visitor tourism industry year-round. With its park models renting out for $240 a night, developable 50 acres, gas station, and restaurant space, this Park has the potential for a truly incredible return on one’s investment. In addition to being licensed for 32 full-service spaces, the Park has cabins, homes, apartments, park models, a store, a restaurant space, schoolhouse, and a gas station!

Supplements: Located in Mariposa County, just minutes from the Park entrance, this property has been prescreened by Planning for a rezoning to Resort Commercial without having to obtain an Environmental Impact Report.This rezoning, along with HCD's approval, could allow for a substantial expansion and development of more than 20 of its 50 acres! There is an expansive and remodeled, 2,300 square foot single level manager/owner's home on 6 acres that is part of this sale. There is a "concierge" bus service that picks up and drops off visitors at the front of the RV Park. The Park is comprised of the following: -3-bedroom home -6 Mobile Homes (5 to employee housing) -13 Park Models -13 RV Full Service Spaces -3 Cabins (Non HCD) -1 3/1 Cabin (Non HCD) -1 Apartment besides the Clubhouse (Non HCD) -1 Apartment besides old Schoolhouse (Non HCD) -1 Empty Full Service Space (Non HCD) Additionally, there are the following buildings on the property: Clubhouse: There is an 1,800 s.f. era clubhouse that was once used-and can be again- as a restaurant. With beautiful wooden floors and high ceilings, this restaurant space benefits from high visibility and easy access to and from Hwy 120. Gas Station: The gas station is included in this purchase and sale. The station has a clean certification on file with County Health. Selling 4,0000 gallons a week, there is a 10,000 gallon tank for unleaded, and a 6,000 gallon tank for diesel or super. Convenience Store: There is a 600 sq.ft. convenience and general store on the property which could benefit from a type 20 beer and wine license

More Information MLS# 17-3491

Location Info

Country: US Cross Street: Buck Meadows Road District: 97 - OUT OF AREA Street #: 7589 Street Name: Highway 120 State: CA Postal Code: 95321 County: Out of Area Parcel Number: 004020014

Contract Info

Buyers Agent $/%: 2 Current Price: $2,550,000 Price: 2995000 Begin Date: 2017-10-16 Status: Closed

Property Information

For Sale/Lease: For Sale #Offices: 1 Apx # Acres: 50 TYP: Business

Owner Info

Deposit: 100000

Remarks

Hot Sheet Comment: price

Business Info

Sales/Lse BK: Sale Doing Business As: Yosemite Ridge Rsrt.

Zoning

Other: 1

Terms

Cash: 1

Listing Type

ER: 1

Business Type

Service: 1

Franchise

No: 1

Real Estates Incl

Yes: 1

Status Change Info

Sold Date: 2018-05-18 Sold Price: $2,550,000 Under Contract Date: 2018-04-25

Property Features

Business Type: Service Zoning: Other Franchise: No Real Estates Incl: Yes Terms: Cash Listing Type: ER
Listing Office: Century 21 Masters
IDX
Last Updated: September - 16 - 2024
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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