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611 Hwy 50 2,587 SF Retail Building Zephyr Cove, NV 89448 $2,505,676 CAD ($968.56 CAD/SF)

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EXECUTIVE SUMMARY

Very Rare Lake Tahoe Opportunity! 2 Adjacent properties with 200 feet of Highway 50 frontage; the sites can be utilized for a variety of uses, please see attached Land Use document. Current Use is as a turnkey restaurant property that has long been a favorite eating and drinking establishment since the 1950s. It has recently become vacant and the owners have maintained the property in great condition. This property is ready for your culinary & entertainment venue vision! It is located in the middle of an affluent area; practically a built-in market base ready for a neighborhood hang place. Please see 3D tour!
The beautiful hardwood antique bar is unique in shape and has a matching back bar and canopy. The granite cap stone fireplace goes wall to wall and has a piece of bouquet canyon stone for the mantel. The backyard features a stunning beer garden or event space complete with waterfall feature. A list of equipment included in the sale is in the documents section of this listing. Property #1 at 611 Highway 50 is a completely turnkey 2587sqft restaurant on a 9583sqft parcel. Possibility of having up to 15 gaming machines. Buyer to investigate qualifications and requirements of the Nevada Gaming Commission and Nevada Gaming Control Board to their satisfaction. Adjacent Property #2 at 624 Lakeview Dr is included in the sale. It is a vacant 18731sqft parcel currently being used partially as a parking lot for the restaurant, however, the upper portion of the land can in all likelihood be split from parking lot portion to create a residential lot to build your dream home with partial lake views. The 25 space parking lot was recently seal coated and striped. Property is being sold AS-IS.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,587 SF
Building Class
C
Year Built
1954
Price
$2,505,676 CAD
Price Per SF
$968.56 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.65 AC
Zoning
General Commercial - Special Zone Area 1
Parking
25 Spaces (9.66 Spaces per 1,000 SF Leased)
Frontage
200’ on US Highway 50

AMENITIES

  • 24 Hour Access
  • Fenced Lot
  • Fireplace
  • Restaurant
  • Signage
  • Air Conditioning

NEARBY MAJOR RETAILERS

CrossFit
Anytime Fitness
Starbucks
Safeway
Wells Fargo Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1318-10-417-052
Land Assessment
$63,638 CAD
Improvements Assessment
$76,710 CAD
Total Assessment
$140,349 CAD
  • Listing ID: 33131562

  • Date on Market: 2024-09-10

  • Last Updated:

  • Address: 611 Hwy 50, Zephyr Cove, NV 89448

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