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Listed by Gregory J Burke • Mendo Sotheby's International Realty
$ 1,545,000
Est. payment | /mo
5,350 SqFt
$ 1,545,000
Est. payment | /mo
5,350 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,350 sqft
Price per Sqft $288
MLS Listing ID 325011006
HOA Y/N No
Lot Size 1 Sqft
Property Sub-Type Mixed Use
Property Description
This offering is a once in a lifetime opportunity to purchase the West side of Highway 128 in Philo, the center of the Anderson Valley's world class Pinot Noir-centric AVA.Historically known as The Last Resort, this complex is the center of Philo. Today it comprises 9 buildings on 5 lots, totaling 1.5 acres.There are 5 cottages (2- 2BD/1B, 3- 1B/1B) & a mid-century modern design tasting room, currently leased by the Baxter Winery.The SF Chronicle called the tasting room,sleek & modern''.There are also 3 vacant buildings, one of which has a septic permit for a 1BD/1B conversion. The footprint of the central building has been maintained for maximum future development opportunity.The land consists of 5 separate APN's. With county approval, the parcels can be reconfigured to the buyers liking.The water system includes a storage tank /UV system/2 wells.The Southern parcel of 3 cottages with well/septic could be sold independently.The property is ideally suited for hospitality, wine retail, tourism, residential investment, or a long term investment hold in a desired and scenic town in Coastal California.Good income and a strong demand for housing in the area assure reduced risk for the buyer.Due to the central location, the buyer has an opportunity to influence the future of Philo.
Location
State CA
County Mendocino
Area Anderson Valley
Others
Special Listing Condition None
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Milli Cannata
Broker Associate | Lic# DRE# 01990936