947 Tahoe Blvd - Apartments FOR SALE


Incline Village, NV 89451
$10,890,000 USD
775-313-8093
947 Tahoe Blvd, Incline Village, NV for Sale
$10,890,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

947 Tahoe Blvd
Incline Village, NV 89451


OVERVIEW

Cushman & Wakefield is pleased to present NINE 47 Tahoe, a premier, shovel-ready luxury condominium development opportunity located in the prestigious Incline Village Area. Situated on the northeast shore of Lake Tahoe and strategically positioned at the intersection of Tahoe Blvd and Southwood Blvd, this exclusive project offers unparalleled access to one of the region’s most sought-after locations. NINE 47 Tahoe is poised for immediate development with entitlement approvals in place for a 95,433 square-foot, mid-rise residential complex featuring 40 high-end units. After three years of meticulous predevelopment work, the project is primed to meet the growing demand for luxury living in Incline Village, where limited inventory and high barriers to entry create a unique market opportunity. As Lake Tahoe’s luxury market continues to expand, NINE 47 Tahoe is set to capitalize on the demand for premium residences within one of the area’s most exclusive residential communities. Exceptional opportunity to acquire a shovel-ready project that has successfully navigated three years of complex predevelopment work—an arduous process in the Tahoe region due to its challenging regulatory environment and limited availability of land for new development. This extensive groundwork positions the project for a smooth transition into construction, offering significant time and cost savings for the investor.

FOR SALE DETAILS

PRICE

$10,890,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

40

PRICE/UNIT

$272,250

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NINE 47

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

25,943 SF

ZONING

SA1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Amanda EastwickCushman & WakefieldMore Info
775-313-8093

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Amanda EastwickCushman & WakefieldMore Info
775-313-8093

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