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3542 Lake Tahoe Blvd
South Lake Tahoe, CA 96150
Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- 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
Résumé de l'annonce
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%.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Condition de vente
1031 Échange
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
5 591 pi²
Classe d’immeuble
C
Année de construction
1976
Prix
2 488 432 $ CAD
Prix par pi²
445,08 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
0,26
Taille du lot
0,50 AC
Zonage
TSC-G - Commercial général
Commodités
- Lot de coin
- Espace d'entreposage
- Affichage sur monument
Impôts fonciers
| Numéro de lot | 027-101-002-000 | Évaluation des bâtiments | 1 800 022 $ CAD |
| Évaluation du terrain | 648 008 $ CAD | Évaluation totale | 2 448 030 $ CAD |
Impôts fonciers
Numéro de lot
027-101-002-000
Évaluation du terrain
648 008 $ CAD
Évaluation des bâtiments
1 800 022 $ CAD
Évaluation totale
2 448 030 $ CAD
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