941 Emerald Bay RdSouth Lake Tahoe, CA 96150

Property Details for 941 Emerald Bay Rd

Lot size

0.56 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 0.56-acre commercial land parcel, located at 941 Emerald Bay Rd, South Lake Tahoe, CA 96150 (APN 023-191-007-000), presents a unique investment opportunity. Situated at a prominent "Y" intersection in the Tahoe Valley Area Plan, this property boasts significant pre-approved development rights, eliminating lengthy permitting processes. The existing approved flexible design format project allows for a mixed-use building of approximately 7,604 square feet, encompassing retail/restaurant space on the first floor, office space on the second, and deluxe apartments on the third. A supplementary structure is also planned, featuring an art studio and a loft apartment. The design prioritizes green building certification. The property benefits from substantial Conservation Fee Allowance (CFA) coverage, including 1,434 square feet of banked CFA and a 6,170 square foot bonus, totaling 18,633 square feet of paid coverage – eliminating any future TRPA coverage fees. A 45-foot height restriction is in place. Developers have the option to utilize the existing approved plans or create a custom design tailored to their vision. This grandfathered property also includes a Caltrans encroachment allowance. The asking price is $765,000. This is a rare chance to acquire a fully permitted and strategically located parcel in the desirable South Lake Tahoe market, ready for immediate development. The permitted zoning is TC.

Location Insight

City

South Lake Tahoe

County

El Dorado

State

California

Latitude

38.9153

Longitude

-120.006

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