205 State Line Rd - Flex FOR SALE


Kings Beach, CA 96143
$2,250,000 USD
775-225-2549
205 State Line Rd, Kings Beach, CA for Sale
$2,250,000 USD
Flex - FOR SALE
1/29
null | 3.3% Cap Rate

205 State Line Rd
Kings Beach, CA 96143


HIGHLIGHTS

  • Future Valuation Potential w/ Crystal Bay Development

OVERVIEW

Discover a prime location commercial property in the heart of Kings Beach, CA, offering 3,352 square feet of versatile spaceacross two spacious suites. Suite 1: large open two story studio space, reception, bathroom, 4 offices / massage rooms,Suite 2: large studio, 3 offices / massage rooms, waiting area, bathroom. With mixed-use tourist zoning, this property isperfect for a variety of uses, including retail, office space, dining establishments, or even converting the upstairs area into aresidential unit. Its prime location guarantees high visibility and foot traffic, along with 10 parking spaces, making it anexcellent investment opportunity. What truly sets this property apart is its future value potential. Situated next door to theupcoming Waldorf Astoria and in close proximity to the Cal-Neva's future development plans, the property is poised forsignificant appreciation. Kings Beach and Crystal Bay are bustling tourist destination, ensuring continuous demand andgrowth. Don't miss out on this exceptional investment opportunity with unmatched future value potential in Kings Beach, CA.The current tenant is "The Sanctuary", featuring yoga/barre, massage therapy, healing and wellness, ayurveda, facials andskincare and reiki. Current lease agreement expires 12/1/2028.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$671 USD /SF

CAP RATE

3.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Coyote Builidng

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

UTILITIES

Gas - Natural, Water - County, Sewer - County, Heating - Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17

LAND SF

7,405

ZONING

032 Mixed Use Tourist

APN/PARCEL ID

090-304-021

ASK ABOUT THIS PROPERTY

Cole MizakCompassMore Info
775-225-2549

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Cole MizakCompassMore Info
775-225-2549

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