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4130 Manzanita Ave South Lake Tahoe, CA 96150

For Sale
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58-key hotel near Heavenly Village and Lake Tahoe.

Property size:
22,794 SF

Property Features for 4130 Manzanita Ave

General Information

Size
22,794 SF

Building Details

Year built
1966

Source: Scott Fair Agent Scott Fair

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


Overview

South Lake Tahoe Vintage Hotel

The Ambassador Lake Tahoe is a 58-key vintage hotel situated on 1.03 acres in the heart of South Lake Tahoe. Originally built in 1966, the property has undergone recent capital improvements while preserving its retro charm. The property is conveniently located in the Tourist Core, a short walk to both the beaches of Lake Tahoe as well as Heavenly Village, providing convenient access to outdoor recreation and options for shopping, dining, and nightlife. The property is located within a federally designated Opportunity Zone, offering tax incentives to future investors. The property is located steps from Heavenly Village, Heavenly Ski Resort, and the shores of Lake Tahoe, providing year-round access to outdoor recreation. Guests are also within walking distance to shopping, dining, and nightlife opportunities, including the nearby casinos and newly constructed Tahoe Blue Event Center which hosts year-round concerts, conventions, and sporting events. Over the past five years, approximately $1.65 million was spent on improvements to preserve the life of the property including a new roof, windows, boilers, exterior paint, furnishings, entry doors with key card access, and bathroom renovations, among others enhancements. Amenities include a swimming pool, a lobby, and ample parking spaces. The property has original signage overlooking Manzanita Avenue. Ownership shut down bookings during the COVID-19 pandemic, utilizing the time off to address long-term deferred maintenance such as replacing the roof, windows, and boilers, and has only recently resumed operations. South Lake Tahoe presents significant barriers to new development including limited land availability and strict zoning regulations. The building size is 22794 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Ambassador Lake Tahoe Motel

Suggested Use

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

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
-119.945069
Latitude
38.960091

FAQs

What type of property is this?
Hotel - 58-key hotel near Heavenly Village and Lake Tahoe.
Where is this hotel located?
The property is located at 4130 Manzanita Ave South Lake Tahoe, CA.
What are key features of this property?
This property features: - Prime Location: Steps from Heavenly Village, Heavenly Ski Resort, and Lake Tahoe.; - Recent Capital Improvements: Approximately $1.65 million invested in upgrades, including a new roof and bathroom renovations.; - Value-Add Potential: Opportunity for growth through interior renovations and operational enhancements.
More about this property
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