110 Lake Parkway - Apartments FOR SALE


Stateline, NV 89449
$9,990,000 USD
775-901-6633
110 Lake Parkway, Stateline, NV for Sale
$9,990,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

110 Lake Parkway
Stateline, NV 89449


OVERVIEW

Incredible opportunity for commercial, condominium or hospitality development in the coveted Stateline Corridor in tax-friendly Nevada. Walking distance to the Heavenly Village, Stateline Casinos, Edgewood Golf Course, over 3,000 hotel rooms and directly across the street from the thriving new 5,200 person Tahoe Blue Event Center providing walking access to world-class skiing, golfing, boating, dining, nightlife, Lake Tahoe’s sandy shores, this property provides an unrivaled opportunity. 110 Lake Parkway has an active TRPA permit for an upscale mixed use residences development featuring: • 40 residential units totaling 117,724 square feet • Building footprint 41,523 square feet • Total floor area 230,145 square feet • Project land coverage of 57,645 square feet • Two levels of underground parking with 119 spaces • Elevator access to residential units from underground parking • Amenities featuring a pool, fitness center, lounge area, business center, boardroom • Club level features 26,789 square feet of amenities space, featuring a fitness center, kids’ zone, theater, club room, TV lounge, Golf simulator, & outdoor gathering spaces • Restaurant and Outfitter space

FOR SALE DETAILS

PRICE

$9,990,000 USD

PRICE/SF

$43 USD /SF

# OF UNITS

40

PRICE/UNIT

$249,750

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Latitude 39 Development Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

-

PARKING SPACES

119

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,791 SF

ZONING

Commercial

APN/PARCEL ID

1318-27-001-010

ASK ABOUT THIS PROPERTY

Mike DunnChase International Real EstateMore Info
775-901-6633

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Mike DunnChase International Real EstateMore Info
775-901-6633

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