Slocums | 3221 Main St
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Slocums 3221 Main St
4,989 SF Retail Building Mammoth Lakes, CA 93546 $1,250,000 ($251/SF)
Investment Highlights
- High Demand for Restaurant Space
- Prime Location
- Great Main Street Visibility
Executive Summary
Formerly Slocums Grill and Bar, operated for more than 33 years; One of the best restaurant locations in Mammoth Lakes, situated on the south side of Main Street with 100 feet of frontage. High demand for restaurants in Mammoth. Mammoth has lost over 8 restaurants to new development, leaving a void for quality dining. Great Parking!!! 35 onsite parking spaces with 8-10 public spaces offsite. 4,989 square feet of restaurant space with excellent visibility. Sale includes real estate, FFE, and Type 47 liquor license. Restaurant has a maximum capacity of 166-168 persons in 3 dining rooms, as well as a bar. This location was operated as a local favorite "Slocums Grill and Bar" (dinner house only) since 1983 and closed March 2020. Recent sidewalks installed on Main Street in front of the building. 25-acre housing project (being built by the Town of Mammoth) underway at the southern edge of the property. Zoning encourages higher mixed-use density. Free public transportation stop is just steps away from the front door. Photos were taken pre-covid when the restaurant was in operation and are not necessarily reflective of condition today. Please see video of the property: https://vimeo.com/1035298646 Structure is in need of a remodel. Facility Restaurant Seating as of March 14, 2020 (pre-covid): Combined total three Dining Rooms = 82 Combined total Bar stools & seats = 76Bar “Stand-up” Oak Rails = 8 to 10 Total Dining Rooms & Bar Seats/Stand-ups Combined =166 to 168. Seller is interested in qualified buyers only.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Building Size
4,989 SF
Building Class
B
Year Built
1966
Price
$1,250,000
Price Per SF
$251
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.52 AC
Zoning
Commercial-Main Street - Commercial for Main Street, allows a variety of commercial and mixed-uses.
Parking
35 Spaces (7.02 Spaces per 1,000 SF Leased)
Frontage
100 FT on Main Street
Amenities
- Restaurant
Walk Score ®
Very Walkable (73)
Bike Score ®
Biker's Paradise (93)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
4,166
6,333
6,335
6,326
2029 Population
4,052
6,137
6,139
6,030
2024-2029 Projected Population Growth
-2.7%
-3.1%
-3.1%
-4.7%
Median Age
36.2
37.3
37.4
37.9
College Degree + Higher
20%
18%
18%
16%
Daytime Employees
11,251
11,620
11,653
11,726
Total Businesses
646
718
724
749
Average Household Income
$100,860
$92,970
$92,970
$92,974
Median Household Income
$79,187
$77,778
$77,778
$77,681
Total Consumer Spending
$51.2M
$79.1M
$79.1M
$79M
2024 Households
1,618
2,547
2,549
2,549
Average Home Value
$747,970
$716,217
$715,946
$718,787
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 035-100-008-000 | Improvements Assessment | $324,011 |
| Land Assessment | $676,260 | Total Assessment | $1,000,271 |
PROPERTY TAXES
Parcel Number
035-100-008-000
Land Assessment
$676,260
Improvements Assessment
$324,011
Total Assessment
$1,000,271
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Slocums | 3221 Main St
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