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    985 Park Ave South Lake Tahoe, CA 96150

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    For Lease
    $22,000

    22-room hotel near Heavenly Village and Stateline Casino.

    Property size:
    4,440 SF
    Lot size:
    4,440 SF

    Property Features for 985 Park Ave

    General Information

    Size
    4,440 SF

    Building Details

    Year built
    1958

    Source: Scott Fair Agent Scott Fair

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Recently Renovated South Lake Tahoe Hotel

    The Black Jack Inn is a recently renovated 22-room hotel located on the California/Nevada border in South Lake Tahoe. The property is positioned to capitalize on tourism and recreational activities. It is located within walking distance of Heavenly Village, offering access to skiing, dining, and shopping. The hotel is also a short walk from Stateline Casino. The hotel features nonsmoking rooms and a 24-hour front desk. The property is situated in the Tourist Core of South Lake Tahoe, near Edgewood Golf Resort, beaches, and hiking areas. The property size is 4440 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Blackjack Inn South ... Motel

    Suggested Use

    Realty agency Law Firm Restaurant Building Supply Dental Office Wholesale Shop Auto Repair Shop Spa & Massage Hair Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -119.944999
    Latitude
    38.955908

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    FAQs

    What type of property is this?
    Hotel - 22-room hotel near Heavenly Village and Stateline Casino.
    Where is this hotel located?
    The property is located at 985 Park Ave South Lake Tahoe, CA.
    What are key features of this property?
    This property features: - Prime location in the Tourist Core of South Lake Tahoe.; - Walking distance to Heavenly Village (3 minutes), Stateline Casino (5 minutes), Edgewood Golf Resort, beaches, and hiking.; - Recently renovated 22-room hotel.
    (530) 525-2304
    Request Owner's contact information
    985 Park Ave South Lake Tahoe, CA 96150
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    South Lake Tahoe, CA 96150
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    985 Park Ave South Lake Tahoe, CA 96150
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