3542 Lake Tahoe BlvdSouth Lake Tahoe, CA 96150

Property Details for 3542 Lake Tahoe Blvd

Year built

1937

Lot size

0.43 AC

Property size (Sq ft)

5,591 SF

Zone code

GC

Property type

Retail properties

Property subtype

Retail space

APN

027-101-002-000

APU

27101002000

Description

This exceptional commercial property at 3542 Lake Tahoe Boulevard in South Lake Tahoe, CA, presents a unique investment opportunity. Boasting 5,591 square feet on a 0.43-acre lot, this two-story building offers significant potential for a variety of uses. Currently configured as a retail space (formerly a brewery and currently The Village Board Shop), the property benefits from high visibility and foot traffic due to its coveted Highway 50 frontage within the Tourist Core Area. Multiple permitted uses allow for flexibility in adapting the space to suit diverse business needs. Ample parking is available, and a charming front patio provides additional outdoor space, ideal for summer use. The property's strategic location near Ski Run Boulevard, Heavenly California base lodge, casinos, the new Tahoe Blue Events Center, and numerous hotels ensures maximum exposure and accessibility. The asking price is $1,950,000, translating to $375.60 per square foot. This is a rare chance to acquire a well-situated commercial property in a thriving tourist destination. The property's history as a successful business adds to its appeal, offering a proven track record in a high-demand location. Don't miss this chance to capitalize on the unique advantages of this prime South Lake Tahoe commercial real estate offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,640,121

  6.5%

  $1,513,958

  7%

  $1,405,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,226,314

  Geo Method

  $3,226,314

• Alternative Use

  Use

  Valuation

  Residential

  $1,277,080

  Hospitality

  $1,169,798

  Educational

  $973,259

  Medical

  $1,006,730

  Retail

  $1,513,958

Location Insight

City

South Lake Tahoe

County

El Dorado

State

California

Latitude

38.9466

Longitude

-119.962

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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