735 Emerald Bay RdSouth Lake Tahoe, CA 96150

This exceptional 24-unit hotel in South Lake Tahoe, CA, presents a lucrative investment opportunity. Boasting 6,628 square feet across two stories, the property underwent extensive renovations in 2023, including a new roof, interior finishes, flooring, lighting, bathrooms, entry doors, keyless locks, high-speed internet, and cable service. All furniture and bedding are brand new. The hotel features a manager's unit, an outdoor bar, and a swimming pool. Located on a one-acre lot (APN 023-161-005-000) in the Town Center zone, it benefits from a prime location near popular attractions like Heavenly Mountain Resort and Lake Tahoe. Plans for a restaurant and additional outdoor bar have been submitted to the El Dorado County Health Department. Built in 1958, this fee-simple property offers significant upside potential in a thriving tourist destination. The asking price is $4,250,000 ($641.22/sq ft). This turnkey operation is ready for immediate income generation. The property's recent renovations ensure a high standard of comfort and appeal for guests, maximizing return on investment. Its location in the heart of South Lake Tahoe provides easy access to a wide range of recreational activities and amenities, attracting a steady stream of visitors throughout the year. The Town Center zoning allows for diverse development possibilities, further enhancing the property's long-term value.