This exceptional 1,248-square-foot medical office building in South Lake Tahoe, California, presents a compelling investment opportunity. Located at 2229 Barton Ave, this single-story, Class B building sits on a 0.25-acre lot and boasts a desirable location within El Dorado County (APN: 023-251-018-000). Built in 1986 and extensively renovated in 2024, the property is currently vacant but offers significant potential. The building features two separately metered units, allowing for flexible configurations to suit various medical practices or office uses. The current layout includes two restrooms, four exam rooms easily adaptable to private offices, a reception area, an open office space, and a lab/break room with a kitchenette. The property is zoned GC and offers ample space for expansion or modification. With its prime location, recent renovations, and versatile floor plan, this property is ideal for owner-occupancy or as a lucrative investment. The asking price is $675,000, translating to $540.87 per square foot. This represents a strong value proposition in the competitive South Lake Tahoe market. Don't miss this chance to acquire a well-maintained, versatile medical office building with significant upside potential.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$249,048
6.5%
$229,891
7%
$213,470
Comparable approach
Method
Valuation
Relative Method
$285,780
Geo Method
$285,780
Alternative Use
Use
Valuation
Residential
$285,065
Hospitality
$261,118
Educational
$217,247
Medical
$224,718
Retail
$337,939
Location Insight
City
South Lake Tahoe
County
El Dorado
State
California
Latitude
38.9178
Longitude
-119.996
CBSA code
40900
CBSA name
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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