274 Lagoon St

This charming, mid-century, 16-room motel offers a blend of comfort, convenience, and reliable income in a prime location just a short stroll from downtown's restaurants and a local bakery. Each guest room is thoughtfully updated with stylish dcor, upgraded laminate flooring, refrigerator and microwave in each room, while select units feature full kitchens or kitchenettes for extended stays. The property includes a spacious three-bedroom manager's residence with a front office, currently undergoing remodeling.As part of an investment portfolio of five other properties in Bishop, this motel benefits from a contract with Mammoth Mountain each winter season to house overflow seasonal employees. Two of the portfolio properties for sale are right next door at 236 Lagoon St and 331 S Warren St. Another motel nearby, Trees Motel, is for sale as well as a fourplex on High St and 7-unit apartment complex on Short St. This is an exceptional opportunity for an investor seeking both stability and upside income potential.