Offered for Sale at Internet Auction
The Center of Apple Valley, California
28.73 Acres - 31 Buildings - 65,666 Sq. Ft
38,000 Sq. Ft Restaurant / Bar Facility
APN Number: 442-122-28
Legal Description: PTN SEC 17 TP 5N R 3W BEG AT PT ON SLY R/W LI STATE HGWY NO 18 200 FT WIDE SD PT LYING S 62 DEG 18
Address:
20600 Hwy 18
Happy Trails Highway
Apple Valley
San Bernardino County
CA 92307
Get-a-way for the rich and famous of a bygone era.
A perfect opportunity for the investor or developer
Every way we look at this property the numbers work!
The Apple Valley Inn was originally built at a cost
of
$2,000,000.00 (TWO MILLION) 1948 Dollars
The Opening bid at the live auction Was
$1,000,000.00* 2003 Dollars
The property achieved a high bid of $1.7 Million
At the Live Auction with the sale moved to
Bid4Assets
Closing Friday May 30, 2003 5:00 PM EST
*Sold with Reserve Subject to Immediate
Confirmation
There is now a Wal Mart center next door with the land
assessed at $331,000 per acre
The Apple Valley Inn Sits on a little over
28 Acres - 31 Buildings
The main building was originally a restaurant and nightclub
Catering to the "Old Hollywood - Old School Country" crowd
Such as Roy Rogers and Dale Evans, Bob Hope, John Wayne and many more
The Bowling Alley Across the street sold November 2002 for $1,000,000.00
15,682 Square Feet on 1.6 +- Acres
County Records Claim 63,665 +- Square Feet under roof
150 +- Hotel Room Units
Price Per Square Foot $39.71 +- Buildings
1,251,478.8 Square Feet of Land = $1.95 per Square Foot Price
Land may be subdivided with approvals
In addition to 31 individual buildings, several which are currently
in use
There are championship tennis courts with pro shop and observation
deck
The property has been used as a long term care and medical facility
Some of the buildings have been rehab with ADA facilities
Prime Downtown Apple
Valley Location
The town was built around the Inn & Hilltop House
Detailed information is available to qualified bidders by calling:
866-486-SOLD (7653) or visit
www.realtorauction.com
For more information about this asset including photos, specs and more (when available), click here.
PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities
Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.
Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to, a) a satisfactory inspection of the property b) completion of a title search c.) investigating back property taxes and D.) other - liens and encumbrances such as unpaid utility bills.
By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.
Settlement Requirements
This auction requires that the winning bidder pay a Buyer's Premium of 9.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction).
This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
Settlement Agent
Closing must occur within 30 days of the close of the auction.
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