2227 James AveSouth Lake Tahoe, CA 96150

Exceptional investment opportunity in South Lake Tahoe, this multi-tenant warehouse boasts 12,771 square feet on a 21,780 square foot lot. Built in 1975, the two-story building features six units, each with a mezzanine, totaling 8,708 net rentable square feet. Five units include roll-up doors with electronic openers. Unit 1 uniquely includes a one-bedroom, one-bathroom apartment. The property benefits from a recent (2018) upgrade to sewer lines and parking lot, offering 17 parking spaces. Currently, five of the six units are leased, with one vacant unit partially built out (789 sq ft mezzanine, ADA restroom and kitchen rough-in). The property is zoned Tahoe Valley Plan CMX-S, allowing for diverse uses including retail, industrial, and residential. Individual unit metering simplifies management, with tenants responsible for power, gas, refuse, and snow removal. The owner covers sewer, water, taxes, insurance, and common area gas for the water heater. A 3% cap on cost of living rent bumps ensures consistent income growth. The asking price is $2,900,000, representing a 3.99% cap rate and a $115,828 NOI. This well-maintained property presents a rare opportunity for owner-users or investors seeking a strong return in a desirable location, just one block from Lake Tahoe Blvd. and Tahoe Keys. The vacant unit is available for lease at $1.50/sq ft.