1023 Emerald Bay Rd South Lake Tahoe, CA 96150

This exceptional multi-tenant retail center, totaling 4,812 square feet, presents a compelling investment opportunity in South Lake Tahoe, California. Located at the highly visible "Y" intersection, this property benefits from its proximity to a McDonald's and the burgeoning Sugar Pine Village development, adding 248 residential units. The single-story, 1974-built building underwent renovations in 2024, including a new roof completed in September. Currently housing four tenants, including a Subway franchise, the property boasts a strong NOI of $96,955, yielding a 5.39% cap rate. The modified lease structure includes four units with long-term tenants and built-in 3% annual rent increases, ensuring consistent income growth. The 0.33-acre lot is zoned GC, offering stability and high barriers to entry due to limited new development in the area. The asking price is $1,800,000, and seller financing may be available. This fee-simple ownership provides a secure and profitable investment in a thriving South Lake Tahoe location. The property's APN is 023 430 291.