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Key Details
Sold Price $2,500,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20220761
Sold Date 11/07/22
Construction Status New Construction
HOA Y/N No
Year Built 1974
Lot Size 70.210 Acres
Acres 70.21
Property Sub-Type Business
Property Description
1 mile from Downieville cradled between the North Yuba River & Secret Ridge is one of the finest vacation lodges in all of the Sierra. The Lure Resort (16 cabins) & Slate Castle Ranch (2 single-fam homes) represent once-in-a-lifetime opportunity by way of a Special Use Permit, that without, development would be impossible. Offering includes 8 re-imagined cabins + 8 camping cabins, employee living quarters & office. INVESTORS, significant value-add opportunity including potential world-class event center. Recent upgrades & property background: New state approved water system and multiple natural springs provide an abundance of on site water. Rehabilitation of property wide spring irrigation system (25,000+ gal holdings tank capacity for irrigation and fire suppression). Remodeled cabins including all new appliances and water heaters. 75k in fire-safe work on The Lure property that included the removal of over 100 trees. Construction of 2+ miles of trails. Improvements to office/housekeeping spaces have improved service efficiency. 40KW generator install for continuous operation The Lure during the winter months. Complete remodel of two single familiy residences on upper acreage.
Location
State CA
County Sierra
Area Downieville
Zoning GF & FR
Rooms
Other Rooms Barn(s), Shed(s)
Interior
Interior Features InteriorFeatures
Heating Central, Electric, Propane, Wall Furnace
Fireplace No
Exterior
Exterior Feature Deck, Gas Grill, Sprinkler/Irrigation, Landscaping, Porch, Patio
Parking Features Gravel, Parking Space(s), Unpaved
Utilities Available Electricity Available, Propane
Waterfront Description Creek,Pond,River Access,Stream,Water Access,Waterfront,Walk to Water
View Y/N Yes
Water Access Desc Private,Spring
View Mountain(s)
Roof Type Composition,Metal
Present Use Hotel/Motel
Topography Level,Sloping
Street Surface Unimproved
Porch Deck, Patio, Porch
Building
Lot Description Borders State Land, Cleared, Flood Zone, Wooded, Level, Trees Large Size
Story 2
Entry Level Two
Foundation Pillar/Post/Pier
Water Private, Spring
Level or Stories Two
Additional Building Barn(s), Shed(s)
Structure Type Frame,Log,Wood Siding
New Construction No
Construction Status New Construction
Others
Financing Cash
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