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Turnkey Lakefront Restaurant Property

8791 N Lake Boulevard Kings Beach, CA 96143

8791 N Lake Boulevard, Kings Beach, CA, 96143
$4,900,000
For Sale
Claim this Listing
$4,900,000

Mountain, Commercial Sale - Kings Beach, CA

Property Size6,172 SF
Lot Size0.38 Acres
Price / SF$793.91
AddedMar 23
Days on Market115
Last RefreshJul 15 at 10:06 am

Property Features for 8791 N Lake Boulevard

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
General Commercial
Parking features
Garage, Off Street
Appliances
Dishwasher, Freezer, Garbage Disposer, Microwave, Oven - Gas, Range, Range - Gas, Refrigerator, Refrigerator - Wine Storage, Washer
Standard status
Active
APN
090-192-056- 000
Size
6,172 SF
Lot size
0.38 Acres

Utilities

Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

Building Details

Year built
1936
Flooring type
Tile
Roof type
Composition, Metal
Architectural style
Mountain

Listing agent Bruce Soli

Listing office Engel & Völkers Incline Village 15425 Wedge Parkway,, Reno, CA

Listing date Mar 23, 2026

MLS# 1018726 Listing URL

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This for-sale mixed-use commercial property was formerly the Caliente Restaurant and is offered as a turnkey option for operators. The building includes approximately 4,237 square feet of ground-level restaurant space with a fully equipped commercial kitchen, bar, dining area, and included fixtures and equipment. Upstairs, there is an approximately 1,935 square foot deck with a tiki-style bar, heaters, and gathering space.

The property sits on a 0.38-acre parcel with 22 on-site parking spaces and excellent visibility along North Lake Boulevard in Kings Beach. Zoning is listed as General Commercial.

In addition to the restaurant improvements, the configuration combines interior dining and food-service functionality with an elevated outdoor deck setting, supporting a range of uses within the mixed-use character of the asset.

Key Highlights

  • Prime Kings Beach location on North Lake Tahoe's main corridor with excellent visibility.
  • Turnkey restaurant opportunity with a fully equipped 4,237 sq ft commercial kitchen, bar, and dining area.
  • Mixed‑use zoning allows for flexible potential: restaurant, retail, event, hospitality, or redevelopment.

Local 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 $229.6k $37.20
− Vacancy −$12.9k −$2.08
EGI $216.7k $35.12
− OpEx −$54.2k −$8.78
NOI $162.6k $26.34
6,172 SF · lease $37.20/SF/yr · vacancy 5.60% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$2.32M
$2.03M – $2.71M (±1% cap)
NOI $162,556 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M (±1% cap)
NOI $167,255 @ 7.0% cap · market cap 3.41%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

FAQs

What type of property is this?
Conventional restaurant - Mixed-use building includes ground-level restaurant with commercial kitchen plus an upstairs deck area.
Where is this conventional restaurant located?
The property is located at 8791 N Lake Boulevard Kings Beach, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Prime Kings Beach location on North Lake Tahoe's main corridor with excellent visibility.; Turnkey restaurant opportunity with a **fully equipped 4,237 sq ft commercial kitchen, bar, and dining area.**; Mixed‑use zoning allows for flexible potential: restaurant, retail, event, hospitality, or redevelopment.
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