325 Old Mammoth Road – Rincon Professional Center
The Rincon Professional Center is a highly visible retail location fronting on one of Mammoth Lake’s most heavily traveled corridors; Old Mammoth Road. Old Mammoth Road is home to some of the most frequented local businesses in Mammoth Lakes including Vons, Town of Mammoth Lakes, Mono County, Robertos, Eastern Sierra Community Bank.
The Rincon Professional Center is unique to Mammoth Lakes in that it is centrally located on Old Mammoth Road between Main Street and Vons. Old Mammoth Road enjoys a mixed concentration of public services, hotels, restaurants and shopping. Just one block to the north, “Old Mammoth Place”, a 378 unit hotel/condominium development project has been entitled and is approved for construction. This project will host a total of 481,825 square feet of building area and will include retail, restaurant, spa and conference space.
Investment Highlights
- 92 Feet of frontage on Old Mammoth Road
- 100% occupied as of 3/11/2017
- Priced far below replacement costs
- Upside potential due to below market rents
- 6,230 square feet of building area with private parking
- Adjacent to public transportation and local restaurants
Property Description – (Continued)
Year Built: Public records indicate the improvements were completed in 1981.
Lot dimensions: According the Mono County Assessors Map the property has 92’ feet of frontage on Old Mammoth Road. The northern edge of the property is 175.85 feet, southern property line 182.95 feet and the rear property line 98.72 feet. There is a 20’ abandoned alley easement indicted at the rear of the property.
Parking: 13 open parking spaces and 9 covered parking spaces. The first floor of the rear building is covered parking and there are no lease spaces on the first floor of the rear building.
Approximate Square Footage Breakdown:
Total Leasable Area (per owner) 6,230
Snow Storage/Landscaping: There are 3 areas for landscaping and for the storage of snow. These areas total approximately 3,984 square feet.
Improvement District: Old Mammoth Road is subject to an Assessment District for the enhancement of Old Mammoth Road. Details can be verified through the Town of Mammoth Lakes, or contact the listing agent for a PDF report from the Town of Mammoth Lakes. Assessment for this year was $1,169.44
Property Description
The property is improved with a two, two-story, wood frame structures currently built out for retail and office space. Zoning allows for a wide variety of commercial uses with a maximum 2.0 Floor Area Ration (FAR).
The Rincon Professional Center is located within the high density Downtown Zoning District and was part of a re-zoning of all commercial zones within Mammoth Lakes. The recent rezoning of the commercial districts provided some clarity to what was previously a confusing zoning code.
The Assessor’s Parcel Number for the property is 035-210-022-000
