Storefront Property with Front
For Sale
$1,875,000
3542 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150
Storefront property in the Tourist Core Area with a front patio, Highway 50 frontage, and ample on-site parking.
Property Size5,591 SF
Price / SF$335.36
Days on Market742
Property Features for 3542 Lake Tahoe Boulevard
General Information
Standard status
Active
Size
5,591 SF
Property subtype
Commercial/Industrial
Zoning
Tourist Core Area
Amenities
patio
Building Details
Year Built
1937
Listing Agency:
Coldwell Banker Select - LTB
(530) 318-7260
Listed By:
Janine G. Haden · License #01889545
(530) 318-7260
Source:
Exitrealty
Added: Jul 23, 2024
Changed: Jul 31
Last Checked: Aug 3 at 3:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Select - LTB
Investment Insights
Based on property information with market context.
Storefront property at 3542 Lake Tahoe Boulevard in South Lake Tahoe. Built in 1937, the 5,591 SF building is currently home to The Village Board Shop and was formerly The Brewery. The property includes a front patio that can be utilized during the summer months, along with ample on-site parking.
The site is located within the Tourist Core Area and features coveted Highway 50 frontage, supporting strong visibility for retail operations. It is near Ski Run Blvd, the Heavenly CA base lodge, casinos, the new Tahoe Blue Events Center, and many hotel accommodations.
The property is described as having multiple allowed uses, which can support a range of storefront concepts consistent with the Tourist Core Area.
The site is located within the Tourist Core Area and features coveted Highway 50 frontage, supporting strong visibility for retail operations. It is near Ski Run Blvd, the Heavenly CA base lodge, casinos, the new Tahoe Blue Events Center, and many hotel accommodations.
The property is described as having multiple allowed uses, which can support a range of storefront concepts consistent with the Tourist Core Area.
Key Highlights
- 5,591 SF storefront property built in 1937
- Highway 50 frontage
- Front patio usable during summer months
Financial Insights For 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 | $120.8k | $21.60 |
| − Vacancy | −$7.1k | −$1.27 |
| EGI | $113.6k | $20.33 |
| − OpEx | −$34.1k | −$6.10 |
| NOI | $79.5k | $14.23 |
5,591 SF · lease $21.60/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.14M
$994.4K – $1.33M
NOI $79,548 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.00M
$1.75M – $2.33M
NOI $139,922 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
229k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Dining 25%
Shops & Services 24%
Electronics 2%
Safeway
Groceries
78,796 visits/mo
0.4 miles
Whole Foods Market
Groceries
31,672 visits/mo
0.1 miles
Safeway Gas
Shops & Services
28,961 visits/mo
0.4 miles
McDonald's
Dining
27,814 visits/mo
0.4 miles
IHOP
Dining
9,802 visits/mo
0.4 miles
Demographics for 96150, CA
29,518
Population
23,472
Households
1.3
Avg Household Size
40
Median Age
39%
College-Educated
92%
High-School Grad
163.2 sq mi
ZIP Area
181
Density / Sq Mi
$83,738
Median Household Income
$45,582
Median Earnings
$1,497
Median Rent
$649,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property in the Tourist Core Area with a front patio, Highway 50 frontage, and ample on-site parking.
Where is this storefront property 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 $1,875,000.
What are key features of this property?
This property features: 5,591 SF storefront property built in 1937; Highway 50 frontage; Front patio usable during summer months
