5,500 SF COMMERCIAL SPACE PLUS 800 SF RENTAL UNIT Asking Price: $1,760,000

High visibility commercial property with robust traffic count of 30,000+ cars per day (per the South
Lake Tahoe Chamber of Commerce). This 15,000+sf commercial land parcel features dedicated off-street parking and is conveniently located near the Heavenly Valley Ski Resort Base Lodge and within South Lake Tahoe’s Tourist Core Area and Casino Zone . This Property is currently leased for $15,500/month. This established retail business is included in the purchase price and, per the Owner, generates net income of $10,000/yr. and the property’s current rental income alone at a 10.6% CAP imputes a market value of approx. $1,860,000. An additional approximately 800 sf residential rental unit (unfinished) is included in the asking price. Per the Owner, the building was originally built–out and operated as a restaurant. The Owner states that “everything was operable as a restaurant until it was converted by the Owner to a retail use.”

This property offers enormous potential for a new Owner to pursue a variety of retail or other com-
mercial uses in this dynamic all-seasons market that is South Lake Tahoe.