14880 State Route 89 Hwy - Hospitality FOR SALE


Markleeville, CA 96120
$1,800,000 USD
408-202-3243
14880 State Route 89 Hwy, Markleeville, CA for Sale
$1,800,000 USD
Hospitality - FOR SALE
1/3
null | Request Cap Rate

14880 State Route 89 Hwy
Markleeville, CA 96120


OVERVIEW

The Toll Station is a recently updated and currently vacant mixed-use property located in the eastern Sierra village of Markleeville, just 28 miles south of South Lake Tahoe. Set on a 0.83-acre lot, this versatile offering combines residential, hospitality, and commercial potential in one of Alpine County’s most scenic mountain communities. Positioned near El Dorado National Forest and Grover Hot Springs State Park, the property benefits from steady year-round visitation from travelers who seek and enjoy nature in this unique Sierra location. Outdoor enthusiasts, hikers, anglers, campers, and hot-spring visitors frequent the area, creating strong demand for lodging, dining, and retail services. The Toll Station features a charming two-story Victorian home, retail space, a 5-room motel, and a restaurant, forming a rare multi-income configuration along Markleeville’s primary tourism corridor. With major fresh updates and flexible mixed-use potential, this historic property is ready for new ownership to activate its character and prime position in Alpine County.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$327 USD /SF

# OF ROOMS

5

PRICE/ROOM

$360,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Toll Station

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

-

APN/PARCEL ID

02-270-010-0-0

ASK ABOUT THIS PROPERTY

Margaret VierraEXIT Realty ConsultantsMore Info
408-202-3243

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Margaret VierraEXIT Realty ConsultantsMore Info
408-202-3243

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.