2870 Lake Tahoe BlvdSouth Lake Tahoe, CA 96150

Property Details for 2870 Lake Tahoe Blvd

Year built

1973

Construction

TILT-UP CONCRETE

Lot size

0.92 AC

Property size (Sq ft)

4,524 SF

Zone code

GC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

025-010-043-000

APU

25010043000

Description

This exceptional 5,512 square foot restaurant space is available for lease in the vibrant city of South Lake Tahoe, California. Located at 2870 Lake Tahoe Boulevard, zip code 96150, this single-tenant property presents a unique opportunity for a discerning restaurateur. The building's substantial size offers ample space for a full-service restaurant, potentially including a large dining area, fully equipped kitchen, bar, and additional storage or office space. The property's prime location on Lake Tahoe Boulevard ensures high visibility and accessibility for customers. The address is easily identifiable and benefits from significant foot and vehicle traffic. This established location offers immediate potential for a successful culinary venture, capitalizing on the area's robust tourism and local clientele. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Serious inquiries are encouraged to explore this remarkable opportunity to establish a thriving restaurant business in the heart of South Lake Tahoe's bustling commercial district. Further details regarding lease terms and conditions are available upon request. Don't miss this chance to secure a prime restaurant location in one of California's most desirable destinations.

• CAP approach

  CAP return

  Valuation

  6%

  $1,327,116

  6.5%

  $1,225,030

  7%

  $1,137,528

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,610,596

  Geo Method

  $2,610,596

• Alternative Use

  Use

  Valuation

  Residential

  $1,033,359

  Hospitality

  $946,551

  Educational

  $787,520

  Medical

  $814,604

  Retail

  $1,225,030

Location Insight

City

South Lake Tahoe

County

El Dorado

State

California

Latitude

38.9339

Longitude

-119.977

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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