1528 Tavern Road Road, Mammoth Lakes, California

$2,000,000

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3,436

Square feet

0.37

Acres

About 1528 Tavern Road Road

The Mogul Restaurant- Opportunity to purchase the real estate and business for one of Mammoth's longest established restaurants. 3,436 square feet of total building area, which includes the restaurant (Approx 2,836 sq. ft) and a two-bedroom apartment (approx. 600 sq ft) on the second level (currently used as office space). Sale includes FFE and a Type-47 liquor license. Seating for 104 occupants, 24 on-site parking spaces and 38 off-site spaces (available after 5:00pm). Additional parking in the Town "Park-N-Ride" and charging station, just 400' to the east. 81 new housing units currently under construction in the first phase of the "The Parcel" housing development, 1 block to the west. Future phases of The Parcel schedule for 2024. Property is owner occupied and has been since inception. Roof is relatively new and parking lot has just been slurred and re-striped. Average Net Income for the business is 25% of Gross. Income history is stable with consistent increases over the past 5+ years (Covid shutdowns aside). Current revenues are trending toward record levels

Features of 1528 Tavern Road Road

MLS® # 220611
Price $2,000,000
Square Footage 3,436
Acres 0.37
Year Built 1971
Type COMMERCIAL/INDUSTRIAL
Sub-Type Restaurant
Status ACTIVE

Community Information

Address 1528 Tavern Road Road
Area Mammoth Lakes
Subdivision Sierra Park
City Mammoth Lakes
State California
Zip Code 93546

Amenities

Utilities Cable, Electric, Gas, Separate Meters
Parking open

Interior

Interior Features Handicap Access
Heating Propane, Electric, Forced Air
Cooling Other/See Remarks

Exterior

Exterior Wood Siding
Exterior Features Handicap Access
Roof Composition

Additional Information

Date Listed August 8th, 2022
Zoning Commercial

Listing Details

OfficeMatthew Lehman Real Estate

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