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Hillcrest Cabins and Suites
40241 Big Bear Blvd, Big Bear Lake, CA 92315
The Nevarez Group of Marcus & Millichap is thrilled to present an exceptional investment opportunity in the heart of Big Bear: Hillcrest Suites & Cabins. As the sole and exclusive agent representing the Ownership, we are excited to showcase this unique property and opportunity.
The property features 13 charming cabins, each meticulously designed with full kitchenettes, cozy living spaces, and distinctive furnishings. Guests are treated to luxurious amenities such as fireplaces and private sitting areas, ensuring a memorable stay. Hillcrest Suites & Cabins presents a compelling value proposition for investors. Priced below replacement cost and boasting one of the lowest price-per-key ratios in Big Bear, this property offers significant upside potential. Currently in the early stages of foreclosure, this presents a unique opportunity to acquire a prime asset at a remarkable value. With strategic management and targeted capital expenditures, there is immense potential to elevate the property to new heights and maximize returns.
Value-Add Potential: With proper management and strategic capital investment, investors can enhance the property's operational efficiency and guest experience, thereby increasing its revenue-generating potential.
Favorable Market Dynamics: Big Bear continues to attract a steady influx of visitors seeking year-round outdoor activities and natural beauty. As a premier destination, the market offers strong demand for accommodations, presenting a favorable environment for investment.
Steal of a Deal: Hillcrest Suites & Cabins is available at an unparalleled price, offering investors the chance to acquire a high-quality asset at a significant discount.
Don't miss out on this exceptional investment opportunity in Big Bear. Contact us today to learn more about Hillcrest Suites & Cabins and how you can capitalize on this lucrative venture.
Location: Nestled in the picturesque setting of Big Bear, Hillcrest Suites & Cabins offers a tranquil retreat for guests seeking relaxation and adventure.
PRICE: 1,180,000
NUMBER OF ROOMS: 13
STORIES: 2
ESTABLISHED: 1960
LOT SIZE: 0.50 Acre