3542 Lake Tahoe Blvd - Restaurant FOR SALE


South Lake Tahoe, CA 96150
$1,550,000 USD
760-484-7300
3542 Lake Tahoe Blvd, South Lake Tahoe, CA for Sale
$1,550,000 USD
Restaurant - FOR SALE
1/31
null | 7.12% Cap Rate

3542 Lake Tahoe Blvd
South Lake Tahoe, CA 96150


OVERVIEW

HIGHWAY 50 Frontage | 5,591 Sq Ft | Multi-Use Retail + Studio + Café Buildout | Tourist Corridor | Huge Parking Lot | Redevelopment Potential High-visibility commercial property on iconic Highway 50 in South Lake Tahoe’s prime Tourist Corridor, less than 1 mile from the Stateline casinos and under ¼ mile from Heavenly Ski Resort. This rare 5,591 sq ft mixed-use property sits on 0.43 acres with 17 private parking spaces — significantly more parking than comparable Tahoe commercial listings. The property consists of three interconnected buildings offering exceptional flexibility for retail, restaurant, café, multi-tenant layouts, co-op retail, experiential tourism businesses, or redevelopment into short-term rental or workforce housing (buyer to verify). Zoned Multi-Use / Tourist Corridor, allowing for one of the widest use ranges in the city. PROPERTY FEATURES Building A – ±1,057 sq ft Retail + 800 sq ft Studio Apartment - High-visibility retail storefront (former front-of-house for The Brewery) - Matching basement footprint for extensive storage - Unfinished ±800 sq ft upstairs studio apartment with separate entry (short-term rental eligible / Airbnb potential) - Direct internal access to Buildings B & C - ADA-compliant entrance Building B – ±860 sq ft Newly Remodeled Café Space - Newly renovated interior ready for café, food service, grab-and-go, wine bar, dessert bar, or retail - Two ADA-compliant restrooms - New tenant buildout underway - Direct access to roof of Building C (future expansion potential) Building C – ±2,040 sq ft Large Open-Plan Retail / Restaurant Space - Former commercial kitchen with existing floor drains, venting, and high ceilings - Permitted for vertical expansion (buyer can add additional floors) - Includes 3 dressing rooms, office, storage rooms, and multiple exterior entrances - Currently occupied by The Village Board Shop (can be delivered vacant or partially vacant) - Ideal for large retail, restaurant, brewery, fitness concept, co-op retail, or mixed-use redevelopment SITE & LOCATION ADVANTAGES - Highway 50 frontage with daily year-round traffic - Visibility to tourist flow between Heavenly Village, the casinos, and Lake Tahoe beaches - HUGE private parking lot (17 spaces — unmatched in this corridor) - Allows for multiple tenant configurations and separate entrances - Walking distance to Heavenly Ski Resort lifts, casinos, and lake access - Positioned in the highest-demand retail zone in South Lake Tahoe ZONING & USE FLEXIBILITY Multi-Use / Tourist District Zoning: - Retail - Restaurant / café / bar - Brewery - Sporting goods or outdoor recreation operator - Multi-tenant retail co-op - Fitness / wellness studio - Professional office - Short-term rental unit - Redevelopment into multi-unit residential or mixed-use (verify with City) VALUE-ADD OPPORTUNITY & INCLUDED ITEMS Owners are highly motivated and open to serious offers. Depending on offer strength, seller may include: - Hardwired security camera system - Retail lighting package - Fixtures, furniture & equipment - Select retail inventory - Display cases & retail buildouts - Potential negotiation for ski/snowboard rental equipment - Sellers may entertain partial seller-carry for qualified buyers INVESTMENT HIGHLIGHTS - Turnkey multi-use property with multiple income streams - Tourist Corridor zoning (short-term rental potential + broad commercial use) - Redevelopment upside — vertical expansion permitted - Prime South Lake Tahoe location - Massive parking (17 spaces) - Strong tenant demand area - Delivered vacant, partially leased, or fully leased depending on buyer strategy - Ideal for owner-user, 1031 buyers, investors, or developers Perfect for: - Retail operators - Restaurant or café concepts - Ski/outdoor gear businesses - Investors seeking redevelopment upside - Owner-users wanting a live/work option - Boutique hotel, luxury Airbnb, or lodging conversion - Multi-unit retail or food-court style co-op - Mixed-use commercial + residential developers

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

7.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

GC

APN/PARCEL ID

027-101-002-000

ASK ABOUT THIS PROPERTY

Ashley NicholsThe Village Board ShopMore Info
760-484-7300

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

Ashley NicholsThe Village Board ShopMore Info
760-484-7300

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