Remarks

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 (3- 2BD/1B, 2- 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.

Details

MLS#: 325011006
Price: $1,545,000

Style: Mixed Use
Sq Ft: 5350.00
Year Built: 0

County: Mendocino
Lot Size: 65340.00