505 W Lake Blvd

Investment Highlights

Financials can be Obtained in The Data Room Anchor tenant, New Moon Natural Foods. The BEST!!! Located adjacent to Tahoe City?s only Community Center Average daily traffic volume of 14,515

Executive Summary

Positioned at a visible and predominant retail location in Tahoe City, 505 West Lake Blvd enjoys an average daily traffic volume of 14,515. With over 300 feet of road frontage on West Lake Boulevard and Granlibakken Road, this property is a prime landmark, one of the first things visitors see as they travel down the West Shore in Tahoe City. Moreover, it is strategically located adjacent to Tahoe City?s only Community Center, enhancing its visibility and foot traffic.Established Anchor Tenant: New Moon Natural FoodsThe anchor tenant, New Moon Natural Foods, is a beloved health food store among locals and vacation homeowners. This makes the property highly attractive for investors, providing a reliable and well-loved health food business as a cornerstone. Versatile investment opportunity that offers investors a wide range of allowable uses, including:1. Multi-family residential2. Lodging3. Food & Beverage Retail SalesThe building features four occupied units: Two are occupied by New Moon Natural Foods, and the other two are occupied by Massage on the Lake and Tahoe Pilates. With an inviting entryway and abundant open retail space, there are numerous possibilities for customization to fit your business needs.Whether you're starting a new venture or expanding an existing one, 505 West Lake Blvd offers a unique foundation for your growing business. Take advantage of its prime location, established tenant base, and flexible usage options to make your mark in Tahoe City's commercial landscape.

• Sale Type    Investment or Owner User
• Sale Conditions    1031 Exchange 1031 Exchange Redevelopment Project 1031 Exchange
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Storefront Retail/Residential Office Office Live Work Unit Restaurant
• Building Size    5,583
• Building Class    C
• Year Built    1980
• Price    2,380,000
• Price Per SF    426
• Cap Rate    6.20
• NOI    147,560
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.13
• Land Acres    1.00 AC

• Bus Line
• Corner Lot
• Storage Space
• Balcony