The Berner Property in the Village at Mammoth
The Berner Property is a 2.1 Acre assemblage improved with mixed commercial and light industrial uses; providing interim annual gross income of $140,000 in 2018. Leases have been limited to a one year term. This property is one of the key development sites in the North Village Specific Plan.
Neighboring the proposed “Village East” site and the Village Gondola, the Property is currently zoned and entitled under the North Village Specific Plan at 48 rooms per acre. In 2010 a conditional use permit and vesting tentative tract map for a 101 room / 28 unit project was approved by the Town Planning Commission. This concept allowed for the units to be wholly or fractionally owned and is approved through 2023.
Investment Highlights:
- One of the few remaining quality development sites in Mammoth’s North Village Specific Plan – approved for 101 rooms/28 units in 2010
- Specialty lodging zoning allows for whole ownership residential, fractional and hotel product as well as supporting uses
- Adjacent to the “Village East” site (formerly North Hotel) and only steps from the Village Gondola. Approved with 101 room/28-unit tentative tract map until 2023.
- Mammoth Mountain continually has some of the highest average snowfall of any ski resort in the continental United States
- Interim Annual Income reported in 2018 to be $140,000
- Commercial Air Service to Mammoth Lakes is continuing to expand, with winter air service to San Francisco and Denver. Year-round air service from Los Angeles
Property Description
The property is improved with several older buildings including light industrial storage, office and a single-family residence; presently not habitable. The property generates approximately $140,000 in gross annual interim revenue, but the highest and best use lies in the property’s future development potential.
The Berner Property is generally level, with the exception of the northern most portion of the parcel, which slopes upward to Forest Trail. This portion of the property provides excellent views of Mammoth Mountain. Legal description: por. NE ¼, NW ¼, SEC. 34, T3S, R27E, MDB&M, as per map recorded in Book 33, Pages 44 of Maps, in the office of the county recorded of said county. The assessor parcel numbers for this site are is 33-041-011-000 and 039-030-014-000.
The North Village Specific Plan
The North Village Specific Plan is situated in the northwest corridor of the Town of Mammoth Lakes (see Exhibit) and consists of 41 separate parcels totaling approximately 64 acres. Since the Specific Plan was adopted in 1991 some consolidation of ownership has occurred, but the majority of land remains under multiple ownerships. The North Village Specific Plan is located adjacent to Main Street, Lake Mary Road and Minaret Road.
The primary purpose of the North Village Specific Plan is to provide new land use guidelines and development standards for the North Village area which will enable the development of a cohesive, pedestrian-oriented resort activity node, with supporting facilities to create a year-round focus for visitor activity in the Town of Mammoth Lakes. The North Village Specific Plan provides a mechanism for directing and focusing development in the project area and will contribute to the overall goal of positioning Mammoth Lakes as a year-round destination resort community.
The Pedestrian Core area is intended to be a mixed-use village with commercial uses on the ground level and accommodation units on upper floors. The scale of the individual ground level shops will vary. The village commercial center is designed as a clustering of individual buildings.
Details about the north Village Specific Plan: Details on the North Village Specific Plan
Zoning– Specialty Lodging (SL)
The Berner Property is currently zoned Specialty Lodging (SL) under the North Village Specific Plan’s most recent revision of January 2014. This designation has been provided for parcels located on the periphery of the North Village Specific Plan which are physically separated by topography and integrated access from the Pedestrian Core Overlay area. Often these parcels are adjacent to existing residential developments zoned RMF-2 (Residential Multiple Family-2) or RSF (Residential Single Family). Although some flexibility through the use permit process may be provided, this designation promotes land uses such as lodges, bed and breakfast establishments, resort condominiums, European-style inns, employee housing, various residential uses, and public facilities. Twenty-three parcels totaling 25.85 acres have been designated under this category.
| Price: | 3,025,000 |
| Address: | 94-150 Berner Street |
| City: | Mammoth Lakes |
| County: | Mono |
| State: | California |
| Zip Code: | 93546 |
| Floors: | 1 |
| Lot Square Feet: | 91476 |
| Property Type: | Development Site: currently mixed use commercial and light industrial |
| Condition: | Average |
| Construction: | Wood Frame and Block |
| Exterior: | Wood |
| Fencing: | None |
| Location: | North Village Specific Plan in Mammoth Lakes |
| Community: | Mammoth Lakes |
| Recreation: | Events Plaza, Ski Gondola, Mountain Bike Trail |
| Parking: | Open |
