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Hwy 18 Hwy 2.05 Acres of Commercial Land Offered at $1,521,566 CAD in Big Bear Lake, CA 92315

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INVESTMENT HIGHLIGHTS

  • Slight Lake View
  • Close proximity to Big Bear Village
  • Retail and Restaurant opportunity
  • Commercial Traffic off Hwy 18
  • Boutique Hotel opportunity
  • Zoned Special Commerical for Tourist - Retail and Hospitality

EXECUTIVE SUMMARY

Discover a premier investment opportunity in the sought-after locale of Big Bear Lake, CA! This prime land parcel on Big Bear Blvd. is earmarked for a high-end Boutique Hotel Development, promising significant returns in a thriving tourist destination. Nestled amidst the captivating beauty of the San Bernardino Mountains, the property boasts exceptional visibility and accessibility, drawing year-round visitors eager for outdoor adventures and relaxation. With increasing demand for upscale accommodations in this picturesque area, this site offers unparalleled potential for savvy investors. Capitalize on the area's robust tourism sector and establish a landmark hospitality venue that will captivate and attract a discerning clientele.

PROPERTY FACTS

Price $1,521,566 CAD
Sale Type Investment
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Hospitality
  • Hotel
  • Motel
  • Office Park
  • Storefront, Retail or Office
Total Lot Size 2.05 AC
Cross Streets Tulip Ln
Zoning C-3 - The commercial-visitor (C-3) zone is established for the development of areas designed primarily for visitor services, including lodging and dining.

1 LOT AVAILABLE

Lot 07,08 & 13

Price $1,521,566 CAD
Price Per AC $742,227.09 CAD
Lot Size 2.05 AC

Metcalf Bay Open Parcels - formerly owned by Metcalf Bay Cattle Company This property is mostly flat and has minimal forest. Water/Power/Sewer run along Big Bear Lake Blvd and Tulip Lane. The City of Big Bear Lake is eager to a preferred development.

DESCRIPTION

This property is a rare gem in the heart of Big Bear Lake, with 3 parcels of land totaling ±2.05 Acres and a prime location on Big Bear Lake Rd and Tulip Ln. The property is zoned for Commercial - Visitor use, which allows for a variety of development options that can cater to the needs and preferences of visitors and locals alike. Imagine creating a boutique hotel, a cozy restaurant, a convenient office space, or a combination of these on this property, while also preserving some of the natural beauty and wildlife of the area. The property is situated in the scenic Metcalf Bay area, close to the Village and many outdoor attractions such as skiing, boating, hiking, and biking. This is also a time-sensitive opportunity, as you may be eligible for the New Market California Tax Credit program and the New Market Federal Tax Credit Programs, which could provide up to 39% tax credits for your development project, according to the CA State Franchise Tax Board. (Please note that this is only supplemental information provided by the listing agents, and you should conduct your own due diligence and consult with your tax and legal advisors before making any decisions).

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0307-151-07
  • 0307-151-08
Land Assessment
$353,404 CAD
Improvements Assessment
$0 CAD
Total Assessment
$353,404 CAD
  • Listing ID: 31523668

  • Date on Market: 2024-04-16

  • Last Updated:

  • Address: Hwy 18 Hwy, Big Bear Lake, CA 92315

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