Renovated Restaurant/Retail Near Lake
3115 Harrison Ave South Lake Tahoe, CA 96150
For Sale
$2,995,000
Multi-tenant restaurant and retail property near the lake.
Property Size8,100 SF
Lot Size0.35 Acres
Price / SF$369.75
Days on Market147
Property Features for 3115 Harrison Ave
General Information
- Standard status
- Active
- Size
- 8,100 SF
- Lot size
- 0.35 Acres
- Property subtype
- Restaurant
Building Details
- Year Built
- 2018
Listing Agency:
NAI Tahoe Sierra
(530) 525-2304
Listed By:
Scott Fair · License #CalDRE #01761504
(530) 525-2304
Source:
Naiglobal
Added: Feb 26
Changed: Jul 10
Last Checked: Jul 10 at 1:13PM
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 NAI Tahoe Sierra
Investment Insights
Based on property information with market context.
Located approximately 100 yards from the lake and beach in South Lake Tahoe, 3115 Harrison Avenue is a multi-tenant restaurant and retail property. The building has been fully renovated and includes a turnkey bar and restaurant space currently operating as The Woods, presenting an opportunity for an owner-user or hospitality group. The property also includes a separately leased retail space occupied by Three Pines Coffee, providing rental income and long-term flexibility. The property is situated on a parcel of approximately 15,246 square feet and includes a multi-tenant restaurant/retail space of approximately 8,100 square feet. The leased retail unit occupied by Three Pines Coffee is approximately 1,150 square feet. The restaurant includes a full kitchen and 7-barrel Smart Brew system. The restaurant has seating for 126 indoors, 20 barstools, and 49 on the patio. An ABC Type 75 license is included for full alcohol service.
Key Highlights
- Prime location: Just 100 yards from the lake and beach in South Lake Tahoe.
- Turnkey restaurant/bar: Features The Woods restaurant with a full kitchen and a 7‑barrel Smart Brew system.
- Multi‑tenant property: Benefit from rental income with a leased retail space, Three Pines Coffee.
Financial Insights For Specialty 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 | $301.3k | $37.20 |
| − Vacancy | −$31.0k | −$3.83 |
| EGI | $270.3k | $33.37 |
| − OpEx | −$67.6k | −$8.34 |
| NOI | $202.7k | $25.03 |
8,100 SF · lease $37.20/SF/yr · vacancy 10.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.90M
$2.53M – $3.38M
NOI $202,713 @ 7.0% cap · market cap 6.77%
Second Best
Retail
$1.65M
$1.44M – $1.92M
NOI $115,246 @ 7.0% cap · market cap 3.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Woods
Restaurant
Pick 6 Sports ...
Bar & Pub
Pho tahoe
Restaurant
Similar Off Market Nearby
- South Tahoe National Little League Snack Bar — South Lake Tahoe, CA 96150
- South Lake Tahoe Country Club — 2733 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
- Revive-The Barrel Room — 3135 harrison ave, south lake tahoe, ca 96150
- MacDuff's Pub — 1041 Fremont Ave, South Lake Tahoe, CA 96150
- Pick 6 Sports Lounge Lake Tahoe — 3115 Harrison Ave, South Lake Tahoe, CA 96150
FAQs
What type of property is this?
Bar & Pub - Multi-tenant restaurant and retail property near the lake.
Where is this bar & pub located?
The property is located at 3115 Harrison Ave South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Prime location: Just 100 yards from the lake and beach in South Lake Tahoe.; Turnkey restaurant/bar: Features The Woods restaurant with a full kitchen and a 7‑barrel Smart Brew system.; Multi‑tenant property: Benefit from rental income with a leased retail space, Three Pines Coffee.
