3330 Lake Tahoe Blvd - Storefront FOR SALE
South Lake Tahoe, CA 96150 |
3330 Lake Tahoe Blvd
South Lake Tahoe, CA 96150
HIGHLIGHTS
- Lakeview Plaza is a commercial retail center with twelve retail units, covering approximately 14,600 square feet on a +/-1.27 acre parcel.
- The property is located in a high-traffic area with stunning lake views, ensuring significant visibility and accessibility.
- All twelve units are currently occupied, providing steady cash flow from day one.
- Existing leases are below market rates, offering substantial upside potential through renewal, re-leasing, and leasing up.
- The property can be converted into 48 Residential Units of Use (RUU) or Tourist Accommodation Units (TAU) and up to 72 MFERUUs.
- Current zoning allows 40 hotel units and 15 multi-family units per acre, with a possible increase to 65 by Fall 2025.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Lake View Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
14600
STORIES
2
YEAR BUILT
1962
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
027-361-004-000
