Value Add Development Opportunity
Value Add Development Opportunity
Marketing description
41656–41688 Big Bear Blvd offers a rare mixed-use investment opportunity in the heart of Big Bear Lake, California—Southern California’s premier mountain resort destination. Spanning four contiguous parcels totaling ±1.71 acres with ±15,210 SF of improvements, the property features a diverse mix of uses including a multi-tenant retail/office building, two auto service buildings, a maintenance garage, a single-family residence, and ±19,300 SF of outdoor storage/parking.
Situated on a high-visibility corner lot with over 300 feet of frontage along CA-18 (Big Bear Blvd)—the city’s main thoroughfare with ±28,992 vehicles per day—the property benefits from steady year-round traffic and a robust tourism-driven economy. Big Bear Lake attracts nearly 3 million visitors annually, with weekend surges ranging from 40,000 to 100,000 people, drawn by its four-season outdoor recreation including skiing, snowboarding, hiking, mountain biking, fishing, and water sports. The property is positioned directly across from the Snow Summit Ski Resort entrance, which alone sees over 800,000 annual visitors.
Within a three-mile radius, residents and visitors generate over $85 million in annual consumer spending, with notable categories including $23.2M on food and alcohol, $21.8M on transportation and auto-related expenses, and $13M on entertainment and hobbies. The trade area’s strong spending power is supported by a mix of year-round residents, second-home owners, and tourists, with the broader Inland Empire region boasting a median household income of $81,000.
With below-market rents, multiple vacancies, and a large developable footprint, the property presents significant value-add potential through lease-up, rent adjustments, and repositioning. Zoning and location also allow for potential redevelopment into high-demand uses such as quick-service restaurants with drive-thru, gas station/convenience, car wash, or expanded automotive services.
Investment highlights
Four-Parcel Mixed-Use Property – ±15,210 SF of improvements on ±1.71 AC including retail/office, auto service, residential, storage, and parking.
Prime Corner Location – Over 300’ of frontage along CA-18 (Big Bear Blvd) with ±28,992 vehicles per day.
High-Volume Tourism – Big Bear Lake draws ±3M visitors annually; Snow Summit Ski Resort directly across the street sees 800,000+ annual visitors.
Robust Consumer Spending – $85M+ annual spending within 3 miles, including $23.2M on food & alcohol and $21.8M on transportation/auto-related purchases.
Multiple Income Streams – Multi-tenant retail/office (13 units, 8 occupied), auto repair facilities, residential rental, and outdoor storage/parking.
Value-Add Opportunity – Below-market rents, existing vacancies, and re-tenanting/redevelopment potential.
Development Flexibility – Well-suited for QSR drive-thru, gas station/convenience, car wash, or expanded automotive service uses.
Excellent Access & Visibility – Primary route through Big Bear; 3.4 miles from Big Bear Airport; direct connection to Inland Empire and SoCal metros.
Established Trade Area – Neighboring national and regional brands including McDonald’s, Taco Bell, Walgreens, AutoZone, Marshalls, Grocery Outlet, and Tractor Supply.
Appealing Demographics – Affluent, active year-round and seasonal population; median household income ±$81,000; high outdoor recreation and lifestyle spending.
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