505 W Lake Blvd - Restaurant FOR SALE


Tahoe City, CA 96145
$2,380,000 USD
530-448-6813
505 W Lake Blvd, Tahoe City, CA for Sale
$2,380,000 USD
Restaurant - FOR SALE
1/24
null | 6.2% Cap Rate

505 W Lake Blvd
Tahoe City, CA 96145


HIGHLIGHTS

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

OVERVIEW

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 Foods The 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 residential 2. Lodging 3. Food & Beverage Retail Sales The 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.

FOR SALE DETAILS

PRICE

$2,380,000 USD

PRICE/SF

$426 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Residential, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

001A

APN/PARCEL ID

094-240-010

ASK ABOUT THIS PROPERTY

Michael WilletteMountain Luxury PropertiesMore Info
530-448-6813

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Michael WilletteMountain Luxury PropertiesMore Info
530-448-6813

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