6554 Greeley Hill Road

    Out Of Area, CA 95311
    • $1,895,000
    • STATUS: Pending
    • ON SITE: 179 days
    • MLS #: 17-3849
    Pending
    UPDATED: 66 min ago
    $1,895,000
    • 0
      BEDS
    • 14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1991
    County:
    Area:

    School Ratings & Info

    Listing provided courtesy of Century 21 Butler Realty, Inc..

    Description

    Yosemite Westlake provides a unique investment opportunity consisting of distinct Mobile Home Park and Campground income streams on the same 14 acre property. The property is laid out with the campground section in front, featuring 21 permitted (installed) + 6 recently permitted (not installed) RV spaces, with various park models and tent campsites. Please see the aerials below for reference.To the rear are 31 permitted MH spaces. The Seller owns approximately 17 MH on the property, with the remainder being tenant owned, and one recently turned vacant space. With a severe demand for affordable housing in the region, there is significant pride in residence displayed by the tenants. The roads are well kept and homes are kept in clean shape.The MH park is known as Yosemite Terrace Estates, and is serviced by its own private lane off Greeley Hill Road; not interfering with any campground operations. MH Park rates are $500/month/space and average $700/month for MH with all tenants paying their own propane and electricity. The campground currently operates renting various Park Models, RV spaces and tent sites. There are amenities such as fire pits, restrooms, horseshoe rings, and gorgeous scenery for guests to enjoy when they are relaxing after a day in the National Park. Though the campground has the ability to continue operating as is, there is tremendous upside on this portion of the property. The owner has piecemeal built Park Models on these RV spaces; at $150-$200/night they have provided an excellent method to maximize the revenue on these spaces. A new owner could continue the addition of park models, or wipe the ground clear and use the utility hookup as sites for a uniform group of park models, capturing the natural beauty of the site and creating a mountain resort. There is obvious visual division between the MH and Campground operations, with the opportunity to further divide the property with a natural or artificial fence line. Additionally, on the adjacent 0.7 parcel (included) there is a building with a retail front that was once used as a restaurant, with vents and pizza oven. Above the retail space there are two units, a 1/1 apartment and studio, that would serve as ideal employee housing. Perhaps the best way to look at this opportunity is as a campground resort with a MH component, providing stabilized and passive income. An owner operator could choose to continue operating the site as is while working on minor improvements to the campground, or an investment group could develop the campground portion to a mountain resort with restaurant, while enjoying the continued income from the MH Park. Yosemite Westlake is on the "Old John Muir Trail" off Greeley Hill Road, just 30 minutes from the Yosemite Big Oak Flat Entrance. With over 5 Million guests in 2016, Yosemite is one of the most visited National Parks in the U.S. The region has excess demand for both tourist and local housing, and Yosemite Westlake provides dual opportunities to serve the community. The Asking Price for Yosemite Westlake is $2,500,000. Including all Mobile Homes on site.

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    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 Zia Group are marked with the "MLS" logo and detailed information about them includes the name of the listing brokers. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Zia Group shall be responsible for any typographical errors, misinformation, or misprints. © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Data last updated 2018-05-26T08:47:17.96.
    www.theziagroup.com/homes/78994909

    6554 Greeley Hill Road Out Of Area, CA 95311

    • Price: $1,895,000
    • Status: Pending
    • Updated: 66 min ago
    • MLS #: 17-3849
    0
    Beds
    0
    Baths
    0
    ½ Baths
    14
    Acres
    1991
    Built
    Neighborhood:
    Out of Area
    County:
    Out Of Area
    Area:
    Out of Area
    Property Description
    Yosemite Westlake provides a unique investment opportunity consisting of distinct Mobile Home Park and Campground income streams on the same 14 acre property. The property is laid out with the campground section in front, featuring 21 permitted (installed) + 6 recently permitted (not installed) RV spaces, with various park models and tent campsites. Please see the aerials below for reference.To the rear are 31 permitted MH spaces. The Seller owns approximately 17 MH on the property, with the remainder being tenant owned, and one recently turned vacant space. With a severe demand for affordable housing in the region, there is significant pride in residence displayed by the tenants. The roads are well kept and homes are kept in clean shape.The MH park is known as Yosemite Terrace Estates, and is serviced by its own private lane off Greeley Hill Road; not interfering with any campground operations. MH Park rates are $500/month/space and average $700/month for MH with all tenants paying their own propane and electricity. The campground currently operates renting various Park Models, RV spaces and tent sites. There are amenities such as fire pits, restrooms, horseshoe rings, and gorgeous scenery for guests to enjoy when they are relaxing after a day in the National Park. Though the campground has the ability to continue operating as is, there is tremendous upside on this portion of the property. The owner has piecemeal built Park Models on these RV spaces; at $150-$200/night they have provided an excellent method to maximize the revenue on these spaces. A new owner could continue the addition of park models, or wipe the ground clear and use the utility hookup as sites for a uniform group of park models, capturing the natural beauty of the site and creating a mountain resort. There is obvious visual division between the MH and Campground operations, with the opportunity to further divide the property with a natural or artificial fence line. Additionally, on the adjacent 0.7 parcel (included) there is a building with a retail front that was once used as a restaurant, with vents and pizza oven. Above the retail space there are two units, a 1/1 apartment and studio, that would serve as ideal employee housing. Perhaps the best way to look at this opportunity is as a campground resort with a MH component, providing stabilized and passive income. An owner operator could choose to continue operating the site as is while working on minor improvements to the campground, or an investment group could develop the campground portion to a mountain resort with restaurant, while enjoying the continued income from the MH Park. Yosemite Westlake is on the "Old John Muir Trail" off Greeley Hill Road, just 30 minutes from the Yosemite Big Oak Flat Entrance. With over 5 Million guests in 2016, Yosemite is one of the most visited National Parks in the U.S. The region has excess demand for both tourist and local housing, and Yosemite Westlake provides dual opportunities to serve the community. The Asking Price for Yosemite Westlake is $2,500,000. Including all Mobile Homes on site.
    Property Features

    Business Information St. Signage Condition Good Cross Street Red Cloud Dr. Deposit 3.00 For Sale Or Lease For Sale Franchise No Loan No Offices 1 Real Estates Included Yes Terms CashCtnl Type Business Opportunity Zoning Other



    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 Zia Group are marked with the "MLS" logo and detailed information about them includes the name of the listing brokers. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Zia Group shall be responsible for any typographical errors, misinformation, or misprints. © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Data last updated 2018-05-26T08:47:17.96.
     
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Century 21 Butler Realty, Inc..