2440 Lake Tahoe Blvd - Hospitality FOR SALE


South Lake Tahoe, CA 96150
$2,400,000 USD
530-545-0811
2440 Lake Tahoe Blvd, South Lake Tahoe, CA for Sale
$2,400,000 USD
Hospitality - FOR SALE
1/10
null | 4.17% Cap Rate

2440 Lake Tahoe Blvd
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • Heavy auto traffic. Across street from park and river.
  • Very sunny location with excellent views of meadows and Sierra Nevada mountains.

OVERVIEW

Prime investment property mid town location in South Lake Tahoe. Significant improvements done in 2020. Can be used as a nightly hotel or as an SRO (leased by the month). Exceptional exposure with 175 feet on US Highway 50. Property consists of 15 studios and one 3 bedroom apartment. Each unit has a mini kitchen. 3 bedroom has a full kitchen. Upgrades include newer roof, floors, windows, electrical, paint.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$454 USD /SF

# OF ROOMS

17

PRICE/ROOM

$141,176 {currency}

CAP RATE

4.17%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nickelodeon Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

GC

APN/PARCEL ID

031-062-001-000

ASK ABOUT THIS PROPERTY

Lloyd AronoffRe/Max Realty TodayMore Info
530-545-0811

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Lloyd AronoffRe/Max Realty TodayMore Info
530-545-0811

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