8791 Lake Blvd - Restaurant FOR SALE


Kings Beach, CA 96143
$5,500,000 USD
775-240-5143
8791 Lake Blvd, Kings Beach, CA for Sale
$5,500,000 USD
Restaurant - FOR SALE
1/38
null | Request Cap Rate

8791 Lake Blvd
Kings Beach, CA 96143


HIGHLIGHTS

  • Beautiful Views of Lake Tahoe
  • Move-in Ready
  • Full Service Kitchen
  • 4,237 sf Main Floor
  • 1,935 sf Second Floor Deck
  • 22 Car slot parking

OVERVIEW

ONE OF A KIND OPPORTUNITY! Nestled in picturesque Kings Beach, this iconic free-standing commercial building has the potential for a number of uses including retail, education, cocktail lounge, event center, or even housing. In its current configuration and recent past use, this charming restaurant includes everything you need to open a dining establishment. The total seating capacity is 305, with 180 inside and 125 on the Deck. The building is 6,172 sf with 4,237 +/- sf on the ground floor, and 1,935 sf +/- on the second floor deck with views of beautiful Lake Tahoe. The 0.38 acre parcel features 22 parking spaces and a secure trash enclosure on a paved lot. The property is located on popular Lake Blvd in Kings Beach, CA in scenic North Lake Tahoe. Recent enhancements in the vicinity have further elevated the area’s allure. Improvements to the roadway, sidewalk, lighting, and landscaping have created a vibrant, pedestrian-friendly commercial center in the heart of the Kings Beach community. Most fixtures, furniture, and equipment are included in the purchase price. The full-service kitchen features a prep station, cook station, dishwashing station, and wait station. The second floor deck is serviced by an elevator and includes a wait station, large umbrellas and patio heaters. There is a 600 kw natural gas generator that is capable of running the entire building. The gorgeous wood bar, decorative tile accents, distinctive light fixtures, and glazed tile flooring offer an enchanting space for patrons to visit while enjoying cocktails.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$891 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Iconic Restaurant/Retail Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,759 SF

ZONING

TB-MU-MTC

APN/PARCEL ID

090-192-056

ASK ABOUT THIS PROPERTY

Ricci Rodriguez-ElkinsKW CommercialMore Info
775-240-5143

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Ricci Rodriguez-ElkinsKW CommercialMore Info
775-240-5143

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