8159 N Lake Blvd

Investment Highlights

Executive Summary

Prime Kings Beach location in the heart of downtown. Excellent opportunity for redevelopment with the potential North Tahoe Hotel, the 39?N Hotel, the Kings Beach Center and the Eastern Gateway Property all being within close proximity. The property consists of an approximately 1,500 square foot restaurant space, 6 motel rooms, a 2 bedroom, 1 bathroom separate rental, an oversized 1-car garage and a gravel parking lot in addition to the paved spaces. Endless opportunities to enhance the property. Zoned for commercial use including motel. 4 total APN numbers numbers are included in the sale; 090-071-019-000, 090-071-006, 090-071-032,090-071-031. Total lot size is based on the combination of all 4 parcels.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    4,200
• Building Class    B
• Year Built    1950
• Price    3,500,000
• Price Per SF    833
• Percent Leased    64
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.51
• Land Acres    0.19 AC

• Bus Line
• Fireplace
• Restaurant
• Storage Space