About This Restaurant
Investment Highlights
Free-Standing Retail/Restaurant Building: This offers independence and visibility, ideal for attracting customers. Located in an Opportunity Zone: This designation can offer tax incentives for investment, making it an attractive option for potential buyers. Nearby Ski Run Marina and Marina Shops add to the appeal of this location for residents and visitors. Verified with 8,710 sq. ft. of CFA and 44,310 sq. ft. of coverage. Excellent Exposure, Identity, and Access: Being situated on Lake Tahoe Boulevard (Highway 50) ensures high traffic and easy access.
Executive Summary
Free-standing restaurant site situated on a 1.15 acre parcel on Lake Tahoe Blvd. The building consists of 10,114 sf with 8,710 +/- sf on the ground floor. 1,404 sf +/- on the second floor. This site offers 90 parking stalls on a paved lot. Property is verified with 8,710 sq. ft. of CFA and 44,310 sq. ft. of coverage. The property is situated in three distinct development zones of Tourist Core and Town Center for South Lake Tahoe and a Federally approved Opportunity Zone.
Property Details
- Sale Type Investment or Owner User
- Property Type Retail
- Property Subtype Restaurant
- Building Size 10,114
- Building Class C
- Year Built 1946
- Price 3,750,000
- Price Per SF 371
- Tenancy Single
- Building Height 2 Stories
- Building FAR 0.20
- Land Acres 1.15 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Restaurant
- Signage
Nearby Amenities & Transportation
Retail | IHOP | ||
Retail | Whole Foods | ||
Retail | Chase Bank | ||
Retail | Panda Express | ||
Retail | Five Guys | ||
Retail | Safeway | ||
Retail | Starbucks | ||
Retail | Baja Fresh | ||
Retail | Applebee's | ||
Retail | Oakley |
Date Created: | 2024-07-16 04:09:22 | Last Updated: | 2024-07-16 04:09:22 |
Address: | 3678 Lake Tahoe Blvd , South Lake Tahoe, California, 96150 |