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Tea Garden Lodge 932 Poplar St 30 Room Hotel South Lake Tahoe, CA 96150 $6,323,850 CAD ($210,795 CAD/Room)
Investment Highlights
- Incredible location close to casinos, beaches, ski area gondola, shopping.
- Exterior rooms. Lots of attractive remodeled features.
- Lots of parking. Attractive sitting area for guests.
Executive Summary
One of the best hotel locations at South Lake Tahoe. Presently not being operated full time and has tremendous opportunity to increase revenue.
Walk to casinos, skiing, shops, beaches, 24 hour entertainment, outdoor summer shows. Lake Tahoe is the premier vacation destination in Northern California
nestled in the panoramic Sierra Nevada mountains.
Walk to casinos, skiing, shops, beaches, 24 hour entertainment, outdoor summer shows. Lake Tahoe is the premier vacation destination in Northern California
nestled in the panoramic Sierra Nevada mountains.
Property Facts
| Price | $6,323,850 CAD | Building Size | 10,292 SF |
| Price Per Room | $210,795 CAD | No. Rooms | 30 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1963/2015 |
| Property Type | Hospitality | Parking Ratio | 2.33/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.48 AC | ||
| Zoning | TC - In an area of lodging properties close to Nevada Stateline. Convenient walking to casinos, ski area gondola (Heavenly Valley Ski Resort owned by Vail. | ||
| Price | $6,323,850 CAD |
| Price Per Room | $210,795 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 10,292 SF |
| No. Rooms | 30 |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2015 |
| Parking Ratio | 2.33/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | TC - In an area of lodging properties close to Nevada Stateline. Convenient walking to casinos, ski area gondola (Heavenly Valley Ski Resort owned by Vail. |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 30 | $365.38 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 029-052-001-000 | Improvements Assessment | $490,426 CAD |
| Land Assessment | $353,018 CAD | Total Assessment | $843,444 CAD |
Property Taxes
Parcel Number
029-052-001-000
Land Assessment
$353,018 CAD
Improvements Assessment
$490,426 CAD
Total Assessment
$843,444 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Tea Garden Lodge | 932 Poplar St
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