930 Park Ave - Hospitality FOR SALE


South Lake Tahoe, CA 96150
$3,425,000 USD
530-525-2304
930 Park Ave, South Lake Tahoe, CA for Sale
$3,425,000 USD
Hospitality - FOR SALE
1/14
null | 9.69% Cap Rate

930 Park Ave
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • 18 total units including managers unit in South Lake Tahoe’s Tourist Core
  • Family- and pet-friendly boutique hotel
  • Diverse mix of king, two-queen, kitchenette, full-kitchen, and apartment-style accommodations
  • Select rooms feature fireplaces and Jacuzzi tubs; extensively renovated in 2021
  • Walkable to Heavenly Village and Gondola, Lake Tahoe beaches, dining, retail, and casinos
  • Near Edgewood Tahoe Golf Course and Tahoe Blue Event Center; may be combined with the adjacent Secrets Inn for a total of 41 units

OVERVIEW

NAI Tahoe Sierra is pleased to present Heavenly Inn, an 18-unit boutique hotel including a manager unit in the Tourist Core of South Lake Tahoe. This family- and pet-friendly property offers a varied room mix with king and two-queen accommodations, kitchenettes and full kitchens, plus select rooms featuring fireplaces and Jacuzzi tubs. An apartment-style unit includes one bedroom, a full kitchen, full bath, Jacuzzi, and living room fireplace. The property benefits from a walkable location near Lake Tahoe beaches, Heavenly Village and Gondola, restaurants, retail, casinos, Edgewood Tahoe Golf Course, and the Tahoe Blue Event Center. Following extensive renovations completed in 2021, Heavenly Inn offers an established lodging asset in a high-barrier-to-entry resort market.

FOR SALE DETAILS

PRICE

$3,425,000 USD

PRICE/SF

$428 USD /SF

# OF ROOMS

18

PRICE/ROOM

$190,278 {currency}

CAP RATE

9.69%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heavenly Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,053 SF

ZONING

TC

APN/PARCEL ID

029-081-018-000

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.