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    OFF-MARKET
    Land

    19920 Us Hwy, Phillips, CA 95721

    5.25 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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