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    1023 Emerald Bay Rd South Lake Tahoe, CA 96150

    For Sale
    $1,600,000

    Multi-tenant retail center with long-term tenants and income growth.

    Property size:
    4,812 SF

    Property Features for 1023 Emerald Bay Rd

    General Information

    Size
    4,812 SF

    Building Details

    Year built
    1974

    Source: Scott Fair Agent Scott Fair

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

    Overview

    South Lake Tahoe Retail Center

    This 4,812 square-foot multi-tenant retail center is located at the "Y" intersection in South Lake Tahoe. Constructed in 1974, the four-unit building offers high visibility and is anchored by established tenants, including Subway, with a McDonald’s adjacent to the property. The property is positioned across from the expanding Sugar Pine Village, a development featuring 248 residential units. The center is fully leased with long-term tenants in place, each benefiting from 3% annual rent increases. A brand-new roof was completed in September of 2024. This property offers investors income generation and long-term protection for their investment. South Lake Tahoe is experiencing a revival, with old motels transforming into trendy lodgings, a growing craft brewery scene, new restaurants on the rise, and hundreds of luxury condos set to hit the market. The location at South Lake Tahoe’s busy "Y" intersection is ideal, and the limited new development in the area ensures long-term investment security. Seller financing may be available.
    Location Intelligence

    Current Use by Public Records

    Lady Luck Skate ... Tobacco Shop

    Suggested Use

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

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

    Similar Places Nearby

    South Four Center Shopping Center, The Crossing at Tahoe Valley, Coinstar Kiosk | Bitcoin ATM, Alpine Center

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -120.003299
    Latitude
    38.911787

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    FAQs

    What type of property is this?
    Shopping center - Multi-tenant retail center with long-term tenants and income growth.
    Where is this shopping center located?
    The property is located at 1023 Emerald Bay Rd South Lake Tahoe, CA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Prime location at the high-traffic 'Y' intersection in South Lake Tahoe, adjacent to McDonald's and anchored by Subway.; - Fully leased with long-term tenants, providing stable and consistent income.; - Located across from the rapidly expanding Sugar Pine Village (248 residential units), promising increased foot traffic and business.
    (530) 525-2304
    Request Owner's contact information
    1023 Emerald Bay Rd 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
    1023 Emerald Bay Rd South Lake Tahoe, CA 96150
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