611 Hwy 50 - Restaurant FOR SALE


Zephyr Cove, NV 89448
$1,795,000 USD
530-318-2079
611 Hwy 50, Zephyr Cove, NV for Sale
$1,795,000 USD
Restaurant - FOR SALE
1/35
null | Request Cap Rate

611 Hwy 50
Zephyr Cove, NV 89448


OVERVIEW

Very Rare Lake Tahoe Opportunity! 2 Adjacent properties with 200 feet of Highway 50 frontage; the sites can be utilized for a variety of uses, please see attached Land Use document. Current Use is as a turnkey restaurant property that has long been a favorite eating and drinking establishment since the 1950s. It has recently become vacant and the owners have maintained the property in great condition. This property is ready for your culinary & entertainment venue vision! It is located in the middle of an affluent area; practically a built-in market base ready for a neighborhood hang place. Please see 3D tour! The beautiful hardwood antique bar is unique in shape and has a matching back bar and canopy. The granite cap stone fireplace goes wall to wall and has a piece of bouquet canyon stone for the mantel. The backyard features a stunning beer garden or event space complete with waterfall feature. A list of equipment included in the sale is in the documents section of this listing. Property #1 at 611 Highway 50 is a completely turnkey 2587sqft restaurant on a 9583sqft parcel. Possibility of having up to 15 gaming machines. Buyer to investigate qualifications and requirements of the Nevada Gaming Commission and Nevada Gaming Control Board to their satisfaction. Adjacent Property #2 at 624 Lakeview Dr is included in the sale. It is a vacant 18731sqft parcel currently being used partially as a parking lot for the restaurant, however, the upper portion of the land can in all likelihood be split from parking lot portion to create a residential lot to build your dream home with partial lake views. The 25 space parking lot was recently seal coated and striped. Property is being sold AS-IS.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$694 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

General Commercial

APN/PARCEL ID

1318-10-417-052

ASK ABOUT THIS PROPERTY

Mark HeckertRe/Max Realty TodayMore Info
530-318-2079

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Mark HeckertRe/Max Realty TodayMore Info
530-318-2079

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