June Lake: The Sierra Inn Restaurant

The Sierra Inn in June Lake

2588 Highway 158 (Sierra Inn) is a commercially zoned property at the entrance of June Lake being offered for sale by Matthew Lehman Real Estate. The property is two levels and is currently occupied by “The Sierra Inn Restaurant” (current owner) and a local martial arts studio (tenant). The ground floor is currently being used as back of house for the Sierra Inn Restaurant, food storage, the restaurant’s office, private bar (rented for private parties), and restrooms.  Sale of the property includes full liquor license and most furniture, fixtures and appliances (some exclusions).

The property is considered to have a premier commercial location for June Lake due to is frontage on Highway 158(Boulder Drive) at the entrance of town. Public records indicate the building size to have 5,061 square feet of improved area with .62 acres of land.  This said, a portion of the subject property is to be split off from the existing property lines as a means of removing the encroaching Ernie’s Tackle Shop and related parking from the Sierra Inn Restaurant.  This is a condition of the sale of the property.

Although public records report 5,061 square feet of area for the improvements, physical measurements indicate 7,663 square feet of area.

Investment Highlights

• Frontage along Boulder Drive
• Located at the Entrance of June Lake
• Priced far below replacement costs
• Liquor License and FFE included in Sale
• On-street and private Off-Street Parking

Year Built: The improvements appear to have been originally completed in 1973 (per Assessor), however additions have been made to the property over the years, lowering its effective age.

Lot dimensions: According the Mono County Assessors Map the property has 110’ feet of frontage along Highway 158 under its current mapping. This said, a sale of the subject is conditional upon the southern portion of the property being separated from the current parcel. The purpose of this is to remove the northern portion of Ernie’s tackle shop to the south (and its respective parking), from the sale of the Sierra Inn Restaurant.  The image to the right is an approximation and a final lot line adjustment is to be determined through agreement between a buyer and seller.

Approximate Square Footage:

First Level:                                     3,222 square feet

Second Level:                                4,442 square feet

Total:                                             7,663 square feet

Sketch showing approximate layout and dimensions: