For Sale
$2,995,000

3678 Lake Tahoe BlvdSouth Lake Tahoe, CA 96150

South Lake Tahoe Restaurant, Distressed Sale

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional opportunity presents a vacant, free-standing restaurant and bar building situated on a prominent 1.15-acre parcel at 3678 Lake Tahoe Boulevard in South Lake Tahoe, California (zip code 96150). The property boasts 8,710 square feet of ground floor space, perfect for a bustling establishment, plus an additional 1,404 square feet on the second floor, offering versatile expansion potential. The building, constructed in 1946 and classified as Class D, sits on a lot with 44,310 square feet of coverage and features 90 paved parking stalls, ensuring ample space for patrons. This fee-simple ownership offers a distressed sale at an asking price of $2,995,000 ($343.86 per square foot). The property is zoned SLT and benefits from its location within three distinct development zones: Tourist Core, Town Center, and a federally approved Opportunity Zone, presenting significant tax advantages for investors. Its prime location on Lake Tahoe Boulevard (Highway 50) guarantees high visibility and accessibility, further enhanced by its proximity to the Ski Run Marina and Marina Shops. This is a rare chance to acquire a substantial commercial property in a high-traffic tourist destination with significant upside potential. The APN is 027-071-030-000.

Property Details for 3678 Lake Tahoe Blvd

Property type
Retail properties, Restaurants
Square Feet
8,710 SF
Class
D
Year Built
1946
Buildings
1
Stories
2
Lot Size (sq. ft)
50,094 SF

Location Insight

City
South Lake Tahoe
County
El Dorado
State
California
Latitude
38.9488468
Longitude
-119.9562339
3678 Lake Tahoe Blvd, South Lake Tahoe, California

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3678 Lake Tahoe Blvd
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