976 Edgewood Cir South Lake Tahoe, CA 96150-7808
- Commercial real estate
- 1,054 SF
- 0.12 lot acres
Current Use by Public Records
- Shinault Brian / Architect
Property Details for 976 Edgewood Cir
- Year built
- 1964
- Lot size
- 0.12 lot acres
- Property size
- 1,054 SF
- Zone code
- MDR
- Property type
- Commercial real estate
- APN
- 026-221-022-000
- APU
- 26221022000
Description
This exceptional 1,640-square-foot office building, located at 976 Edgewood Circle in South Lake Tahoe, California, presents a unique investment opportunity. The property, situated on a 5,042-square-foot lot, boasts a captivating mid-century modern architectural style, offering a refreshing contrast to the standard market. Built in 1964 and thoughtfully renovated in 2018, this two-story building features a versatile open floor plan, complemented by a ground floor basement of approximately 556 square feet and one bathroom. The property is currently vacant, providing immediate occupancy for a new owner. Zoned MDR (Medium Density Residential), this location offers considerable flexibility for a variety of office-based businesses. The asking price is $535,000, translating to $326.22 per square foot. The property's unique appeal is further enhanced by its serene setting, backed by a meadow, creating a distinctive mountain feel. This well-maintained and updated building offers modern amenities and a layout adaptable to diverse needs. The property's APN is 026-221-022-000. This fee-simple ownership opportunity is perfect for entrepreneurs seeking a distinctive and functional workspace in a prime South Lake Tahoe location. The property's zip code is 96150.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $485,000
- 6.5%
- $435,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $465,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $400,000
- Retail
- $415,000
- Mixed-Use
- $475,000
- Hospitality
- $405,000
- Educational
- $440,000
- Residential Income
- $365,000
- Energy
- $465,000
- Income-Based Land
- $365,000
- Food Service
- $470,000
Location Insight
- Map
- Local Demand
- City
- South Lake Tahoe
- County
- El Dorado
- State
- California
- Longitude
- -119.979
- Latitude
- 38.933
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA