Property profile

19920 Us Hwy Phillips, CA 95721

OFF-MARKET
Land
5.25 ac lot
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Property summary

AI-generated overview

This exceptional 5.25-acre commercial land parcel presents a unique investment opportunity in Twin Bridges, California, situated at the southwest corner of US Highway 50 and Sierra at Tahoe Road. Located just 12 miles west of South Lake Tahoe, this property boasts a highly desirable location with exceptional visibility and accessibility for businesses catering to the significant tourist traffic and local residents. The property is zoned Community Commercial (CC), allowing for a diverse range of commercial uses, including hotels, quick-service restaurants with drive-thrus, gas stations, and even cannabis dispensaries. This presents a rare chance to develop a business in a high-demand area currently lacking in commercial services. The site benefits from approximately 13,535 average daily traffic counts on Highway 50, translating to nearly five million vehicles annually. With over 15 million annual visitors to Lake Tahoe and year-round recreational activities such as skiing and beaches, this location offers consistent high traffic volume. The property's Assessed Parcel Number (APN) is 037-180-001-000. Flexible acquisition options are available, including outright purchase, ground lease, or build-to-suit arrangements. Note that an existing billboard on the west end of the property is not included in the sale. The asking price for this remarkable opportunity is $1,350,000. Sacramento is approximately a 1.5-hour drive.

Property profile

Verified
Property type Land
Lot 5.25 ac (228,690 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

19920 Us Hwy Phillips, CA 95721
Phillips metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

4 recent transactions · within 1.5 mi
Comparable in this city
4 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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