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    3330 Lake Tahoe Blvd South Lake Tahoe, CA 96150

    For Sale
    $3,597,000

    Fully occupied retail center with redevelopment potential near Lake Tahoe.

    Property size:
    14,600 SF

    Property Features for 3330 Lake Tahoe Blvd

    General Information

    Size
    14,600 SF

    Building Details

    Year built
    1962

    Source: Scott Fair Agent Scott Fair

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

    Overview

    Retail Center Near Lake Tahoe

    Lakeview Plaza is a commercial retail center featuring twelve retail units, totaling approximately 14,600 square feet, situated on a +/-1.27 acre parcel across from Lake Tahoe. The property is located in a high-traffic area and offers lake views. All twelve units are currently occupied, providing consistent cash flow. The tenant mix includes a variety of services and dining options. Existing leases are below market rates, offering potential for increased revenue through renewal, re-leasing, and leasing. The property size could accommodate approximately 48 Residential Units of Use (RUU) or Tourist Accommodation Units (TAU) and up to 72 Multifamily Units of Use (MFERUU). Current zoning allows for up to 40 hotel units and 15 multi-family units per acre. A pending city amendment could increase this to 65 multi-family units per acre, anticipated to be finalized by Fall 2025. The property is near Heavenly Mountain Resort, Edgewood Tahoe Golf Course, and the South Lake Tahoe downtown area. This location offers a blend of recreational amenities and business potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    South Lake Tahoe ... Dentist Huckaby Robert General Practice Attorney Cobbler by the Lake Shoe Repair Shop Ha Noi Pho Vietnamese Restaurant Health and Supplement Insurance ... Health Insurance Agency

    Suggested Use

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

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

    Similar Places Nearby

    Pioneer Center, Coinstar Kiosk | Bitcoin ATM, Bijou Center

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -119.97068
    Latitude
    38.945359

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    FAQs

    What type of property is this?
    Shopping center - Fully occupied retail center with redevelopment potential near Lake Tahoe.
    Where is this shopping center located?
    The property is located at 3330 Lake Tahoe Blvd South Lake Tahoe, CA.
    What is the asking price?
    The asking price for this property is $3,597,000.
    What are key features of this property?
    This property features: - Significant redevelopment potential: Convert to approximately 48 Residential Units or Tourist Accommodation Units, or up to 72 Multifamily Units.; - Substantial upside potential: Existing below-market leases offer opportunities for increased revenue.; - Prime location: Situated across from Lake Tahoe with stunning lake views and excellent visibility.
    (530) 525-2304
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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
    3330 Lake Tahoe Blvd South Lake Tahoe, CA 96150
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