NCKA Club House? Mario's Shelter Cove.

Anyone?
533 Machi Rd, Whitethorn, CA 95589

14 Acres Overlooking Rugged Pacific 'Lost Coast'. 'Sea Lions, Surf, and Squiggly Roads' California's Lost Coast as described by The New York Times.   Mario's of Shelter Cove may anchor the Lost Coast, but this potential hospitality development is well within reach.Sprawling over 14 acres of flat bluff this offering includes a Commercial Marina Deed, Marina Motel, & Restaurant.



https://www.zillow.com/homedetails/533-Machi-Rd-Whitethorn-CA-95589/2063169523_zpid/

I'm in!

Paradise.

Oh wow, that would be cool!

Not sure how $5 million pencils out for the hotel, bar, on-sale liquor license, marina operation lease, etc.  I'm sure the preservation corp would really appreciate a friendly purchaser.  The status of the easement to the beach is something I'd want to know more about.  I'd at least entertain crunching some numbers if a group was serious about this. If NCKA bought it the kayaker takeover of the cove would be fait accompli.   

Remember how hard it is to get out though, Jack has been trying to sell the campground forever.

Yeah, I saw the sign when I was there last month during what would have been the GS weekend. Didn’t realize how many acres it is, but I got sticker shock.

Like Doug said - status and duration of access easement would be key.
Also: “Remember how hard it is to get out though, Jack has been trying to sell the campground forever.”

I am no real estate or investment expert, but thought the annual receipts + real estate, license, fixtures, etc. did not quite justify the listing price at the campground.

Similarly on this at 4.875 mil. It would be a great clubhouse facility, tho - I’m just about 4.87 mil short!

Remember how hard it is to get out though, Jack has been trying to sell the campground forever.

It will be interesting to see how long this place will be on the market.

Endless Shuland !!    

Yeah, I saw the sign when I was there last month during what would have been the GS weekend. Didn’t realize how many acres it is, but I got sticker shock.

Really? In the bay area, a modest-sized house on a postage-stamp sized lot with a freeway next door and a homeless camp just around the corner could easily be a multi-million dollar listing...

Yeah, I saw the sign when I was there last month during what would have been the GS weekend. Didn’t realize how many acres it is, but I got sticker shock.

Really? In the bay area, a modest-sized house on a postage-stamp sized lot with a freeway next door and a homeless camp just around the corner could easily be a multi-million dollar listing...

I hear you, but this isn’t like the Bay Area. YMBR, but if it’s (campground for instance) correctly priced, why has it languished for years? I suspect the ratio doesn’t support it according to industry standards. It’d be interesting to have a comm realtor run the numbers. 7 years of P&L and filings would help.

How does the BA type house you cited compare with a like-sized Shelter Cove house right on the road, I wonder?

Also,
The hotel is in need of major repairs or renovation.
The bar would not qualify for a new operations permit without moving it at least 20 ft from the eroding cliff. And even then it would also need major repair or renovation. Then there is the issue with it being within the airport fly zone which means no building permits.
Oh yah, there is also the appraisal …. Price is based on the current owners purchased acreage (15), not the current acrege ( 8 ) after erosion.
And then of corse, you would be competing with the Shelter Cove Fishing Preservation Inc. who is already working with the Resort Improvement district and the Humboldt Harbor District to purchase the property to make it a public entity.

Also,
The hotel is in need of major repairs or renovation.
The bar would not qualify for a new operations permit without moving it at least 20 ft from the eroding cliff. And even then it would also need major repair or renovation. Then there is the issue with it being within the airport fly zone which means no building permits.
Oh yah, there is also the appraisal …. Price is based on the current owners purchased acreage (15), not the current acrege ( 8 ) after erosion.
And then of corse, you would be competing with the Shelter Cove Fishing Preservation Inc. who is already working with the Resort Improvement district and the Humboldt Harbor District to purchase the property to make it a public entity.

lol.  That listing is straight fraud.

Price is based on the current owners purchased acreage (15), not the current acrege ( 8 ) after erosion.

I’m out…

For that price, I'd be living a whole lot larger than that dump.  Fiji for example. 

Price is based on the current owners purchased acreage (15), not the current acreage ( 8 ) after erosion.

That's interesting. What year did the current owners purchase the property? What year was the hotel built?

Sounds like the best option would be for the Preservation Inc to acquire the property.