963 3rd St - Office/Residential FOR SALE


South Lake Tahoe, CA 96150
$600,000 USD
541-441-2205
963 3rd St, South Lake Tahoe, CA for Sale
$600,000 USD
Office/Residential - FOR SALE
1/26
null | Request Cap Rate

963 3rd St
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • Huge price drop. Selling below appraised value.
  • Popular turn-key brewery business with a cozy tasting room and a 2 bedroom/ 1 bath living quarters upstairs
  • Charming Tahoe cabin located in beautiful South Lake Tahoe.
  • Desirable city zoning that offers virtually unlimited business opportunities.
  • Located on the busy bike path to beaches and casinos.

OVERVIEW

Huge price drop. We are considering all offers over 600k that can close within 90 days. Carry on the legacy of the Tahoe Brew House, a 5-star craft brewery and popular locals hangout, or open your dream business in this classic Tahoe cabin. This mountain-style, cedar-clad building features a beautiful redwood bar, complete 3 barrel Brewmation electric brew system, 6 keg tap system, walk-in cold room, small kitchen, large brick fireplace, a 3 part sink, and an ADA bathroom on the ground level, and a 2 bedroom, 1 bath living quarters upstairs. Outside guests can enjoy the private back deck or the fenced aspen garden. The paved parking area has space for 4 vehicles and one ADA parking spot. Currently only open a few days a week, this location offers plenty of untapped potential as an existing brewery, with a current business appraisal of 700,000 (see documents below). This business is also located on the busy SLT bike path that runs through town from the Casinos to the beautiful south shore beaches and Camp Richardson’s Resort. The Type 23 business license for the brewery, and off-site food facility permit are transferable and current. Take advantage of the new commissary kitchen opening at the Y and add even more potential to business opportunity. All brewery equipment, furniture, and decor is included. This location is currently zoned for commercial retail, with an eating and drinking establishment as an approved use (see letter in documents). In addition, the zoning for this building is in the highly desirable Commercial Mixed Use District of the City of SLT’s Tahoe Valley Area Plan. This District includes an abundance of allowed uses from commercial retail such as restaurants, bars, and stores; to service industries including, animal services, health care and professional offices; to light industrial businesses for our community’s makers including furniture builders, bistros, craft breweries or wineries, and boutique bakeries. For those with even greater aspirations, a second tasting room location in Somerset (just over an hour away in the beautiful sierra foothills) was previously in the works and is being offered as a package deal for $825k. See listing on Zillow, 7935 Fairplay Rd Somerset Ca.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$375 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Tahoe Brew House

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

undefined, Bar, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

GC1

APN/PARCEL ID

023-211-049-000

ASK ABOUT THIS PROPERTY

Colleen DulinTahoe Brew HouseMore Info
541-441-2205

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Colleen DulinTahoe Brew HouseMore Info
541-441-2205

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