Commercial Real Estate in Mammoth Lakes has experienced somewhat of a wild ride for nearly a decade now. Whether you are talking about commercial sales or leasing, the commercial market has been a challenging. This said, the market appears to be recovering and there are wonderful opportunities if one is looking to open or expand a business in Mammoth Lakes.
Lease rates along Old Mammoth Road are currently running about $1.50 per square foot, modified gross lease. Main Street is realizing slightly higher rents as most buildings are stand alone with specialized tenants. Rents along Main Street are currently running about $2.25 per square foot per month.
The Mammoth Mall recently transferred and the new owner is determined to fill the center within the next 12 months. This presents and great opportunity for both office and retail businesses.
Bank of America will soon be vacating its current location as part of its new business model to further incorporate banking with the internet. This location is roughly 3,500 square feet and size and obviously built out as a bank. The location is a very key location in Mammoth Lakes with great visibility along Main Street and Laurel Mountain Road.
Below are some current office and retail spaces available in the Mammoth Lakes area (Click on the Image to enlarge):
If you are looking for office or retail space in Mammoth Lakes, please call Matthew Lehman Real Estate at 760-934-1110.