2227 Lake Tahoe BlvdSouth Lake Tahoe, CA 96150

Property Details for 2227 Lake Tahoe Blvd

Year built

1973

Construction

TILT-UP CONCRETE

Lot size

1.00 AC

Property size (Sq ft)

12,824 SF

Zone code

GC1

Property type

Retail properties

Property subtype

Retail space

APN

023-211-019-000

APU

23211019000

Description

Kings Trading Post offers a prime retail opportunity in a bustling shopping center, ideally situated between the "Y" area and Tahoe Keys Blvd. This multi-tenant property boasts a total of 12,824 square feet across two single-story buildings, constructed in 1975. Currently, 1,130 square feet of retail space is immediately available, with a minimum divisible space of the same size. The property benefits from excellent signage opportunities, high visibility, and ample parking, making it an attractive location for businesses seeking strong foot traffic. The zoning designation is Tahoe Valley Plan CMX-S, allowing for a variety of permitted uses. The property's APN is 023-211-019. This established center is deeply embedded within the local community, providing a ready-made customer base. Interested parties are encouraged to inquire for further details regarding lease terms and permitted uses. The property presents a unique chance to establish or expand a retail presence in a high-demand area. The address is easily accessible and benefits from high visibility due to its location. This is an exceptional opportunity for a business seeking a well-established location with strong community ties.

• CAP approach

  CAP return

  Valuation

  6%

  $3,761,923

  6.5%

  $3,472,544

  7%

  $3,224,506

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,400,151

  Geo Method

  $7,400,151

• Alternative Use

  Use

  Valuation

  Residential

  $2,929,221

  Hospitality

  $2,683,151

  Educational

  $2,232,350

  Medical

  $2,309,124

  Retail

  $3,472,544

Location Insight

City

South Lake Tahoe

County

El Dorado

State

California

Latitude

38.9185

Longitude

-119.997

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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