$5,350,000

Located right across from the Big Bear Lake City Hall & Performing Arts Center, this Bay Meadows Resort (or new name Krystal Bay Resort) motel property's proximity to civic center makes it convenient to access all parts of the entire Big Bear Lake recreational area. There are currently 17 rentable units in 12 modern spotless renovated & well maintained cabins. There is a fenced swimming pool and a Finnish style sauna hut to make is a vacation paradise in both summer and winter. The lake waterfront is reachable within only a short walk. A drawn-up architectural plan is available to add additional 20 units on 3 included empty parcels to make this a major lodging property in Big Bear Lake. There are in total 4.67 acres of land on 6 different APN parcels. On site there is ample paved parking lot. Although it is close to the lake floodplain the upside potential is unlimited to the creative seasoned developer type of new buyers due to the large empty parcels on site. The way it is also a good fit for a savvy new owner with marketing talents to boost the revenue that the property deserves. A tour of the property or an overnight stay will prove to be an unforgettable experience.