For Sale
$1,600,000

2311 Lake Tahoe BlvdSouth Lake Tahoe, CA 96150

Prime South Lake Tahoe Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
115
This fee-simple, two-story office building in South Lake Tahoe, CA, offers a compelling investment or owner-user opportunity. The 7,168 square foot building, constructed in 1978, features 11 unique suites, providing flexibility for various business needs. Located at 2311 Lake Tahoe Blvd, this Class B property boasts a convenient location near restaurants, shops, and recreational activities, situated at the gateway to Tahoe Keys Marina. The property includes 50 parking spaces and sits on a 0.27-acre lot (APN: 023-221-11-100). Recent improvements include a renovated roof and parking lot. The building features wood frame construction with a wood vertical shiplap exterior and a composition and tile roof. Each floor offers separate men's and women's restrooms. The permitted zoning is GC. The asking price is $1,600,000, translating to $223.21 per square foot. This multi-tenant property presents a value-add opportunity through lease optimization and/or increasing occupancy to 100%. The property's strong location and recent upgrades make it an attractive investment in the thriving South Lake Tahoe market.

Highlights

  • Fee-simple, two-story office building with 11 suites totaling 7,168 square feet.
  • Excellent South Lake Tahoe location near restaurants, shops, and recreation, at the gateway to Tahoe Keys Marina.
  • Strong value-add investment or owner-user opportunity with a 7.53% capitalization rate.
  • Potential for increased NOI through lease optimization and occupancy growth to 100%.

Property Details for 2311 Lake Tahoe Blvd

Property type
Office properties
Square Feet
7,168 SF
Class
B
Year Built
1978
Stories
2
Lot Size (sq. ft)
11,761 SF
Units
11

Location Insight

City
South Lake Tahoe
County
El Dorado
State
California
Latitude
38.9204332
Longitude
-119.9946753
2311 Lake Tahoe Blvd, South Lake Tahoe, California

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2311 Lake Tahoe Blvd
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