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3542 Lake Tahoe Blvd
South Lake Tahoe, CA 96150
Retail Property For Sale
Investment Highlights
- Rare multi-section commercial building in South Lake Tahoe's Tourist Core — directly on Highway 50, one of the highest-traffic corridors in the Sierra
- Former brewery infrastructure in the bar/hospitality section including drainage systems intact beneath floors, ventilation above ceiling, ADA-complian
- 2,040 SF main section with 12-foot ceilings flexible open floor plan suited for retail, restaurant, showroom, or experiential use
- TSC-G Tourist Core zoning permits retail, food & beverage, hotel/motel, multi-family residential, time sharing, and mixed-use development — all allowe
- Pro forma gross income of $167,730 annually at $2.50/SF/month NNN across 5,591 SF
Executive Summary
Offered at $1,798,000, 3542 Lake Tahoe Blvd represents one of the best commercial properties available in South Lake Tahoe's Tourist Core. This 5,591 SF, three-section-building asset sits directly on Highway 50, a quarter mile from the Heavenly Ski Resort gondola and near Ski Run Marina, among the highest-traffic intersections on the South Shore.
The Property
Three spaces total 5,591 SF sit on a 18,731 SF lot with on-site parking. Building C offers 2,040 SF of open floor space with 12-foot ceilings ideal for retail, showroom, restaurant, or experiential use. Building B, a former brewery, offers 900 SF of renovated bar and hospitality space with ADA-compliant bar counter, upgraded electrical and plumbing, drainage systems intact beneath the floor, ventilation infrastructure above the ceiling, and a capped fresh water well on site. Building A houses 1,057 SF of historic retail/commercial space with a 1,057 SF semi-finished basement directly below offering independent access potential, plus a 900 SF unfinished studio apartment above representing an additional residential income opportunity.
The current occupant has operated a board sports retail business on the premises since 1984 and is now transitioning out. FF&E and equipment, rental fleet, and retail inventory are available for separate negotiation and are not included in the real property asking price.
The Zoning Opportunity
TSC-G Tourist Core zoning under the City of South Lake Tahoe's Tourist Core Area Plan permits retail, food and beverage, hotel and motel, multi-family residential, time sharing, and mixed-use development, all allowed by right. Building height maximum is 42 feet. This is among the most permissive and valuable zoning designations in South Lake Tahoe, and parcels of this size within the Tourist Core rarely come to market.
The Infrastructure Advantage
For any food and beverage or hospitality operator, the existing buildout represents an estimated $150,000–$300,000 in avoided construction costs. The former brewery infrastructure includes drainage systems beneath the floors, ventilation above the ceiling, and a capped fresh water well. The bar space has received new sheetrock, insulation, flooring, upgraded electrical and plumbing, and an ADA-compliant bar counter. The building is positioned to receive a café, taproom, restaurant, juice bar, or similar concept with significantly less capital outlay than a ground-up buildout would require.
The Investment Case
This is a value-add acquisition in a supply-constrained tourist market. A stabilized, multi-tenant pro forma leasing the commercial spaces at market rates of $2.50/SF/month NNN supports a gross income of $167,730 annually and a pro forma CAP rate of 9.33%.
The Property
Three spaces total 5,591 SF sit on a 18,731 SF lot with on-site parking. Building C offers 2,040 SF of open floor space with 12-foot ceilings ideal for retail, showroom, restaurant, or experiential use. Building B, a former brewery, offers 900 SF of renovated bar and hospitality space with ADA-compliant bar counter, upgraded electrical and plumbing, drainage systems intact beneath the floor, ventilation infrastructure above the ceiling, and a capped fresh water well on site. Building A houses 1,057 SF of historic retail/commercial space with a 1,057 SF semi-finished basement directly below offering independent access potential, plus a 900 SF unfinished studio apartment above representing an additional residential income opportunity.
The current occupant has operated a board sports retail business on the premises since 1984 and is now transitioning out. FF&E and equipment, rental fleet, and retail inventory are available for separate negotiation and are not included in the real property asking price.
The Zoning Opportunity
TSC-G Tourist Core zoning under the City of South Lake Tahoe's Tourist Core Area Plan permits retail, food and beverage, hotel and motel, multi-family residential, time sharing, and mixed-use development, all allowed by right. Building height maximum is 42 feet. This is among the most permissive and valuable zoning designations in South Lake Tahoe, and parcels of this size within the Tourist Core rarely come to market.
The Infrastructure Advantage
For any food and beverage or hospitality operator, the existing buildout represents an estimated $150,000–$300,000 in avoided construction costs. The former brewery infrastructure includes drainage systems beneath the floors, ventilation above the ceiling, and a capped fresh water well. The bar space has received new sheetrock, insulation, flooring, upgraded electrical and plumbing, and an ADA-compliant bar counter. The building is positioned to receive a café, taproom, restaurant, juice bar, or similar concept with significantly less capital outlay than a ground-up buildout would require.
The Investment Case
This is a value-add acquisition in a supply-constrained tourist market. A stabilized, multi-tenant pro forma leasing the commercial spaces at market rates of $2.50/SF/month NNN supports a gross income of $167,730 annually and a pro forma CAP rate of 9.33%.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,591 SF
Building Class
C
Year Built
1976
Price
$2,488,432 CAD
Price Per SF
$445.08 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.26
Lot Size
0.50 AC
Zoning
TSC-G - Tourist Corridor: providedhttps://www.cityofslt.us/DocumentCenter/View/22982/TCAP_AmendedDec2024?bidId=
Studio Apartment in BLDG A = Air BnB
Amenities
- Corner Lot
- Storage Space
- Monument Signage
Property Taxes
| Parcel Number | 027-101-002-000 | Improvements Assessment | $1,800,022 CAD |
| Land Assessment | $648,008 CAD | Total Assessment | $2,448,030 CAD |
Property Taxes
Parcel Number
027-101-002-000
Land Assessment
$648,008 CAD
Improvements Assessment
$1,800,022 CAD
Total Assessment
$2,448,030 CAD
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