1072 Ski Run Blvd - Hospitality FOR SALE


South Lake Tahoe, CA 96150
$5,490,000 USD
530-545-0045
1072 Ski Run Blvd, South Lake Tahoe, CA for Sale
$5,490,000 USD
Hospitality - FOR SALE
1/37
null | 9.95% Cap Rate

1072 Ski Run Blvd
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • Actual CAP 9%
  • Walking Distance to the Lake, down the road from Heavenly Ski Resort
  • Upgraded units, updated managers unit, new deck.

OVERVIEW

Welcome to Alder Inn, a boutique hotel near Lake Tahoe’s South Shore, and Heavenly Mountain Ski Resort. Offered at $5.49M with an actual CapRate of 9%. We have additional financials, photos, and STR reports available to any qualified buyer upon request. Spanning 9,600 square feet, Alder Inn boasts 26 updated units. The layout includes 12 Single Kings, 7 Single Queens, 4 Double Queens, 2 Managers Unit / Family Suite, and 1 ADA accessible Single Queen. One of the most unique features of Alder Inn is it’s managers unit, a versatile potential for future rental either as a spacious 3-bedroom, 2.5 bathroom unit or separated and rented as a 1Bd 1.5Ba with living room and kitchen, and a 2Bd 1Ba upstairs unit with a larger room that has space for a TV area. Additionally this space could be reimagined for an on site manager. Alder Inn has recent upgrades including: new TVs in 15 rooms, stylish flooring renovations, and air conditioning in all upstairs units. The manager's unit features a new deck, and the property boasts an upgraded lawn area perfect for summer activities. Alder Inn is a turn-key operation, active on major booking platforms, ensuring a smooth transition for new owners looking to manage and grow this thriving business.Value Add Opportunities: Reimagine the pool and spa area, create a lively space for guest to enjoy outdoors, expanding on the already existing resort feel of the property. Discover the Alder Inn, a unique investment opportunity that stands out in the hospitality market for its perfect mix of location, varied accommodations, recent upgrades, solid financials, and operational readiness.

FOR SALE DETAILS

PRICE

$5,490,000 USD

PRICE/SF

$572 USD /SF

# OF ROOMS

26

PRICE/ROOM

$211,154 {currency}

CAP RATE

9.95%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alder Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1970

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

TC

APN/PARCEL ID

027-123-023-000

ASK ABOUT THIS PROPERTY

Ryan SmithCompassMore Info
530-545-0045

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Ryan SmithCompassMore Info
530-545-0045

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.