$3,749,000

28950 Hook Creek Road

Cedar Glen CA, 92321

Description

In 1887, John Suverkrup acquired 1100 acres of virgin timber, just southeast of Little Bear Valley (which soon became Lake Arrowhead, with the building of the dam). In 1916, Suverkrup subdivided 56 parcels, and became the first person to sell vacation properties in the San Bernardino Mountains. That subdivision is now known as Cedar Glen. Cedar Glen lies at an elevation of 5403 ft. and the town's ZIP code is 92321, established when the Cedar Glen post office opened on February 28, 1939. It moved to its current location in 1962. Today the small community features a market, restaurants, hardware store, real estate offices and a variety of small shops. Today Cedar Glen is a modern mountain resort, with its own business center and subdivisions, where hundreds of people spend their vacations. This is a unique commercial opportunity. This property has been in the family for over 130 years, and was the site of the first vacation property sales in the Lake Arrowhead area. Includes approximately 25,600 sq feet of retail/restaurant space, sitting on 3.5 acres of rare level land. 100% occupancy, and room to build more. Among tenants, the US Post office has been here since 1962. Just off Hwy 173, as it runs through Lake Arrowhead. Own a piece of history.

Details

MLS#EV16120344
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Days On Site253

Features

SQ Feet25,657

Market Activity 92321

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Area Information
StateCA
CountySan Bernardino
CityCedar Glen
Zip Code92321
Area287 - Arrowhead Area
Listing VS Median (in 92321)
Price:
$3,749,000
low | high
Med:
$8,920
100% of Average
SqFt:
25,657
low | high
Med:
0
100% of Average
$ / SqFt:
$146
low | high
Med:
$0
100% of Average
On Site:
253
low | high
Med:
3
100% of Average
Listing Updated: December 4, 2020 5:10:26 AM PST
JAMES NEWCOMB LogoMLS Number: EV16120344
Listing Provided By:
JAMES NEWCOMB  of  COLDWELL BANKER SKY RIDGE RLTY
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