$2,500,000
Commercial Property
- Status: Available
- Price: $1,760,000
Kuldeep Clar
- License No:
- DRE #01887929
- Email:
- kuldeep@lbaweb.com
- Office:
- 925-932-2450
- Mobile:
- 925-932-2450
Description
Prime Commercial Property in South Lake Tahoe
5,500 SF COMMERCIAL SPACE PLUS 800 SF RENTAL UNIT
High visibility commercial property with robust traffic count of 30,000+ cars per day (per the South Lake Tahoe Chamber of Commerce). This 15,000+sf commercial land parcel features dedicated off-street parking and is conveniently located near the Heavenly Valley Ski Resort Base Lodge and within South Lake Tahoe’s Tourist Core Area and Casino Zone . This Property is currently leased for $15,500/month. This established retail business is included in the purchase price and, per the Owner, generates net income of $10,000/yr. and the property’s current rental income alone at a 10.6% CAP imputes a market value of approx. $1,860,000. An additional approximately 800 sf residential rental unit (unfinished) is included in the asking price. Per the Owner, the building was originally built–out and operated as a restaurant. The Owner states that “everything was operable as a restaurant until it was converted by the Owner to a retail use.”
This property offers enormous potential for a new Owner to pursue a variety of retail or other commercial uses in this dynamic all-seasons market that is South Lake Tahoe.
Business Information
Ownership Type:
N/A
Year Established:
Year Purchased:
Business Type:
Real Estate
License(s) Required:
Hours of Operation:
Business Relocatable:
No
Business Is A Franchise:
No
Home Based:
No
Broker To Broker CoOp:
No
Office Listing Number:
4591
Date Available:
07/02/2025
Reason For Sale:
Financial Information
- Annual Total:
- Revenue:
- Annual Net Income:
- Inventory:
- Monthly Payroll:
Lease Information
- Base Rent:
- Lease Expires:
- Lease Option:
- NNN:
Financing Information
- Down Payment:
- Owner Will Carry:
- Other Finance:
- Terms:
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