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Versatile Commercial Building in South Tahoe

2724 Lake Tahoe Blvd South Lake Tahoe, CA 96150

2724 Lake Tahoe Blvd, South Lake Tahoe, CA, 96150
$1,995,000
For Sale
Claim this Listing
$1,995,000

Two-story commercial building with retail, office, and shop space.

Property Size5,275 SF
Lot Size0.80 Acres
Price / SF$378.20
AddedMar 6
Days on Market131
Last RefreshApr 5 at 11:06 pm

Property Features for 2724 Lake Tahoe Blvd

General Information

Standard status
Active
Size
5,275 SF
Lot size
0.80 Acres
Property subtype
Retail w/ Office and Large Yard

Building Details

Year Built
1978

Listing office NAI Tahoe Sierra

Listing date Mar 6, 2026

Source Naiglobal

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.

This two-story commercial building, constructed in 1978, offers 5,275 square feet of space on a 34,848 square foot parcel. The property includes a shop space of approximately 1,000 square feet with a grade-level roll-up door. The first floor features a retail area and two restrooms. The second floor contains two private offices, a kitchenette, and an open sales floor. The large yard provides ample space for parking, equipment storage, or open space. Situated on a major thoroughfare with excellent visibility and access, this property is suitable for retail, office, or light industrial uses. Located in South Lake Tahoe, the property is near Heavenly Mountain Resort, Edgewood Tahoe Golf Course, and Lake Tahoe, offering recreational opportunities. The area also features a diverse selection of dining, shopping, and entertainment options.

Key Highlights

  • High‑visibility location on Lake Tahoe Blvd, a major thoroughfare, offering excellent access.
  • Versatile 5,275 sq. ft. two‑story building suitable for retail, office, or light industrial uses.
  • Large 34,848 sq. ft. parcel with ample yard space for parking, equipment storage, or open space.

Local Financial Insights For Office B

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 $139.3k $26.40
− Vacancy −$23.7k −$4.49
EGI $115.6k $21.91
− OpEx −$28.9k −$5.48
NOI $86.7k $16.43
5,275 SF · lease $26.40/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.24M
$1.08M – $1.44M (±1% cap)
NOI $86,689 @ 7.0% cap · market cap 4.35%
Second Best
Retail
$1.07M
$938.2K – $1.25M (±1% cap)
NOI $75,052 @ 7.0% cap · market cap 3.76%
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.20M (±1% cap)
NOI $132,014 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Parking Lot & Garage HVAC Service Pharmacy Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pet Grooming Service Bakery Garden Center Big Box & Wholesale Store Acupuncture

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

FAQs

What type of property is this?
Mixed-use property - Two-story commercial building with retail, office, and shop space.
Where is this mixed-use property located?
The property is located at 2724 Lake Tahoe Blvd South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: High‑visibility location on Lake Tahoe Blvd, a major thoroughfare, offering excellent access.; Versatile 5,275 sq. ft. two‑story building suitable for retail, office, or light industrial uses.; Large 34,848 sq. ft. parcel with ample yard space for parking, equipment storage, or open space.
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