19920 Us Hwy 50 Phillips, CA 95721

Property Details for 19920 Us Hwy 50

Lot size

5.25 lot acres

Property type

Land

Property subtype

Industrial properties

Description

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.

Location Insight

City

Phillips

County

El Dorado

State

California

Longitude

-120.076

Latitude

38.8191