3170 Us-50 - Office FOR SALE


South Lake Tahoe, CA 96150
$1,500,000 USD
530-525-2304
3170 Us-50, South Lake Tahoe, CA for Sale
$1,500,000 USD
Office - FOR SALE
1/16
null | Request Cap Rate

3170 Us-50
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • Owner-user or investor opportunity with +/-3,777 rentable SF on the second floor

OVERVIEW

Westgate is a two-story, Class B office property with +/-9,086 SF and 18 units on a +/-74,792 SF parcel in Meyers, South Lake Tahoe. Offered at $1,500,000, the property is priced below comparable market sales because below-market rents and limited in-place NOI do not support a conventional income-based valuation. The owners occupy the entire second floor, comprising +/-3,777 rentable SF with reception, conference room, utility room and 11 offices, plus two entrances, two restrooms and a kitchenette. At closing, the owners may vacate or consider a leaseback of all or part of the space on mutually acceptable terms. An opportunity for owner-user occupancy or investor repositioning and pursuit of higher market rents. Competitive seller financing is available to qualified purchasers. Convenient access along US Highway 50 and State Route 89, near year-round outdoor recreation. Signed confidentiality agreement required to access the offering memorandum.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,792 SF

ZONING

MAP-1

APN/PARCEL ID

034-321-023-000

ASK ABOUT THIS PROPERTY

Scott FairNAI Tahoe SierraMore Info
530-525-2304

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Scott FairNAI Tahoe SierraMore Info
530-525-2304

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