8660 8684 Highway 128 , Philo, CA 95463
Philo, CA 95463
Description
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 (two with 2BD/1B and three with 1B/1B) and a mid-century modern designed tasting room (built in 2013), currently leased by the Baxter Winery. The SF Chronicle said this about the tasting room, '' A visit to the winery's sleek, modern tasting room is a good idea for anyone driving down Highway 128.'' There are also three vacant buildings, one of which has a septic permit for a 1BD/1B conversion. The footprint of the central building (formerly a post-war saloon and dance hall) has been maintained for maximum future development opportunity.The land consists of 5 separate APN's that were verified through the certificate of compliance process with Mendocino County in 2005. A new owner could decide through the county application process to boundary line adjust the property into five parcels of their own liking and include the required elements of water and septic in that application. The water system that serves all the parcels is currently a state small water system with storage tank and UV treatment. An application is pending with Mendocino County to remove the designation, as three of the cottages will now be serviced by a new well. In 2023 a boundary line adjustment was approved, which makes possible the sale of three cottages and their associated septic and well. All three cottages will be delivered vacant. A map is available showing its current configuration.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 on the Western side of Highway 128, the buyer has a unique opportunity to influence the future character of the village of Philo, and of Anderson Valley. If you are looking for a robust commercial opportunity in rural California, there is no better property than Philo's Last Resort. Make an appointment to view this property today.
Details
| MLS# | C1-10886 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 67 |
| Listing Provided By | Mendo Sotheby's International Realty (707) 937-5822 | Greg Burke |
Features
| SQ Feet | 5,350 |
|---|---|
| Zoning | C-2 |
| Acreage | 0.00 |
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Learn More About This Property
| State | CA |
|---|---|
| County | Mendocino |
| City | Philo |
| Zip Code | 95463 |
| Area | ANV Anderson Valley (Boonville and Philo) |
| Listing VS Median (In 95463) | |
Price: $1,545,000 low | high Med: $1,022,000 SqFt: 5,350 low | high Med: 4,277 $ / SqFt: $289 low | high Med: $222 On site: 67 low | high Med: 191.000000 | |