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    960 Emerald Bay Rd South Lake Tahoe, CA 96150

    Sponsored
    For Sale
    $3,025,000

    Pet Supermarket-Anchored, High-Traffic Location

    Property size:
    8,896 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 100% occupied, 8,896 square foot retail building situated at the prominent "Y" intersection in South Lake Tahoe, California. The property, built in 1964 and boasting a Fee-Simple ownership, features seven units, including a Pet Supermarket anchor tenant. The two-story building sits on a 35,719 square foot lot and is zoned TC, allowing for versatile retail uses. Six additional smaller office units occupy the second floor, catering to the high demand for office space in the area. With excellent visibility and accessibility, this property offers a strong return on investment, benefiting from its prime location and high occupancy rate. The asking price is $3,025,000, translating to $340.04 per square foot. The property's APN is 023-522-012-000. This is a rare opportunity to acquire a well-established, income-producing retail property in a thriving South Lake Tahoe market. The building's Class B designation reflects its solid condition and potential for future upgrades. This investment is ideal for those seeking a stable, high-performing asset in a desirable location.

    Property Features for 960 Emerald Bay Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,896 SF
    Class
    B

    Building Details

    Year Built
    1964
    Stories
    2
    Units
    7

    HighLights

    • $3,025,000 asking price for a 8,896 SF retail building.
    • Pet Supermarket‑anchored, multi‑tenant property with seven units.
    • Located at a high‑traffic intersection in South Lake Tahoe, CA, considered a gateway to the city.
    • TC zoning allows for versatile retail uses.
    • Excellent visibility and accessibility for retail businesses.
    • Fee‑simple ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bry Vernon a MD Psychiatrist Karen L. Maack, ... Marriage Or Relationship Counselor Lake DJ Entertainment Dj Service HOA Accounting Services Bookkeeping Service Pet Supermarket Pet Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    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
    -120.00579
    Latitude
    38.9141373

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    FAQs

    What type of property is this?
    Individual retail property - Pet Supermarket-Anchored, High-Traffic Location
    Where is this individual retail property located?
    The property is located at 960 Emerald Bay Rd South Lake Tahoe, CA.
    What is the asking price?
    The asking price for this property is $3,025,000.
    What are key features of this property?
    This property features: $3,025,000 asking price for a 8,896 SF retail building.; Pet Supermarket-anchored, multi-tenant property with seven units.; Located at a high-traffic intersection in South Lake Tahoe, CA, considered a gateway to the city.
    (530) 525-2304
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    960 Emerald Bay Rd South Lake Tahoe, CA 96150
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    South Lake Tahoe, CA 96150
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    960 Emerald Bay Rd South Lake Tahoe, CA 96150
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