South Lake Tahoe Commercial
3542 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150
COMMERCIAL - South Lake Tahoe, CA
Property size:
5,591 SFLot size:
0.43 AcresPrice / SF:
$321/SF- Added:
- Apr 12, 2026
- Days on Market:
- 52
- Last Refresh:
- Jun 2 at 6:06 am
Property Features for 3542 Lake Tahoe Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Window features
- Double Pane Windows
- Standard status
- Active
- APN
- 027101002000
- Size
- 5,591 SF
- Lot size
- 0.43 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Electric (Heating), Natural Gas, Forced Air
Building Details
- Year built
- 1937
- Flooring type
- Concrete, Carpet, Tile
- Building materials
- Wood Frame, Masonry, Wood Siding
- Roof type
- Metal, Composition
Listing agent Mark Salmon License #01485376 (310) 230-5478
Listing office Compass 2028 Lake Tahoe Blvd., San Francisco, CA (530) 645-2777
Listing date Apr 12, 2026
MLS# 142716
Copyright © 2026 South Tahoe Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location on Highway 50 in South Lake Tahoe's Tourist Core, near Heavenly Ski Resort gondola and Ski Run Marina.
- Highly permissive TSC‑G Tourist Core zoning allows for a wide range of uses.
- Existing infrastructure from a former brewery (Building B) saves $150,000-$300,000 in construction costs.
- Value‑add opportunity with a pro forma CAP rate of 9.33% based on stabilized multi‑tenant leasing at market rates.
- Three‑section building totaling 5,591 SF on a 18,731 SF lot with on‑site parking.
- Building A includes a 1,057 SF semi‑finished basement with independent access potential and a 900 SF unfinished studio apartment above.
Overview
Located on Highway 50 in South Lake Tahoe's Tourist Core, near Heavenly Ski Resort gondola and Ski Run Marina, the property at 3542 Lake Tahoe Blvd features a three-section building with 5,591 square feet of space on a 0.43-acre lot with on-site parking. Building C offers 2,040 square feet of open floor space with 12-foot ceilings, suitable for retail, showroom, restaurant, or experiential use. Building B, previously a brewery, includes 900 square feet of renovated bar and hospitality space with an ADA-compliant bar counter, upgraded electrical and plumbing, drainage systems, ventilation infrastructure, and a capped fresh water well. Building A provides 1,057 square feet of historic retail/commercial space with a 1,057 square foot semi-finished basement and a 900 square foot unfinished studio apartment above. The property is zoned TSC-G Tourist Core, which allows retail, food and beverage, hotel and motel, multi-family residential, time sharing, and mixed-use development. The existing buildout includes drainage systems, ventilation, upgraded electrical and plumbing, and an ADA-compliant bar counter, which could support a cafe, taproom, restaurant, or juice bar.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $208.0k | $37.20 |
| − Vacancy | −$21.4k | −$3.83 |
| EGI | $186.6k | $33.37 |
| − OpEx | −$46.6k | −$8.34 |
| NOI | $139.9k | $25.03 |
5,591 SF · lease $37.20/SF/yr · vacancy 10.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.00M
$1.75M – $2.33M
NOI $139,922 @ 7.0% cap · market cap 7.78%
Second Best
Retail
$1.14M
$994.4K – $1.33M
NOI $79,548 @ 7.0% cap · market cap 4.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
The Village Board Shop
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- South Lake Tahoe
- County
- El Dorado
- State
- California
- Longitude
- -119.960875
- Latitude
- 38.946802
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Commercial property in South Lake Tahoe's Tourist Core with multiple spaces.
Where is this retail space located?
The property is located at 3542 Lake Tahoe Boulevard South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: Prime location on Highway 50 in South Lake Tahoe's Tourist Core, near Heavenly Ski Resort gondola and Ski Run Marina.; Highly permissive TSC‑G Tourist Core zoning allows for a wide range of uses.; Existing infrastructure from a former brewery (Building B) saves $150,000-$300,000 in construction costs.
