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924-930 Park Ave. Lk South Lake Tahoe, CA 96150

Sponsored
For Sale
$8,500,000

41-Key Motel, Prime Location

Property size:
14,644 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
Exceptional investment opportunity: Two adjacent motels totaling 41 keys in South Lake Tahoe, CA, situated on Park Avenue. This property boasts a prime location within the city's tourist core, offering easy access to beaches, restaurants, retail, the Heavenly Gondola and Village, casinos, Edgewood Golf Course, and a new 6,000-person indoor event center. The property includes two buildings, spanning 14,644 square feet on a 36,590 square foot lot, and features a mix of room types. Heavenly Inn welcomes families and pets, offering spacious suites with kitchenettes, fireplaces, and jetted tubs in select rooms. Secrets Inn provides a romantic escape for couples, with a strict adults-only policy. Both properties underwent extensive renovations in 2022, presenting a turnkey operation for a new owner to capitalize on the thriving South Lake Tahoe market. The property is zoned TC and consists of two stories. The asking price is $8,500,000, with a price per square foot of $580.44. Built in 1960, this property presents a unique blend of established charm and modern updates, situated within a federally designated Opportunity Zone. The property's APN numbers are 029-081-017-000; 029-081-018-000; 029-082-011-000; 029-081-008-000.

Property Features for 924-930 Park Ave. Lk

General Information

Property type
Motels
Square Feet
14,644 SF

Building Details

Year Built/Renovated
1960/2022
Buildings
2
Stories
2

HighLights

  • Two motels totaling 41 keys on Park Ave, South Lake Tahoe.
  • 41‑key motel property with two contiguous buildings.
  • Extensive remodel completed in 2022.
  • Heavenly Inn features family‑friendly suites with kitchenettes; select rooms offer fireplaces and jetted tubs.
  • Secrets Inn is an adults‑only, couples‑only hotel.
  • Prime South Lake Tahoe location in the tourist core, within a federal Opportunity Zone, near Heavenly Gondola, casinos, and restaurants.
Property Profile Location Intelligence

Current Use by Public Records

Motels

Map

City
South Lake Tahoe
County
El Dorado
State
California
Longitude
-119.947742
Latitude
38.9563765

FAQs

What type of property is this?
Motel - 41-Key Motel, Prime Location
Where is this motel located?
The property is located at 924-930 Park Ave. Lk South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Two motels totaling 41 keys on Park Ave, South Lake Tahoe.; 41-key motel property with two contiguous buildings.; Extensive remodel completed in 2022.
More about this property
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