Property profile

8791 North Lake Boulevard Kings Beach, CA 96143

OFF-MARKET
Retail properties & Spaces
Built 2007
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Property summary

AI-generated overview

ONE OF A KIND OPPORTUNITY! Nestled in picturesque Kings Beach, this iconic free-standing commercial building has the potential for a number of uses including retail, education, cocktail lounge, event center, or even housing. In its current configuration and recent past use, this charming restaurant includes everything you need to open a dining establishment. The total seating capacity is 305, with 180 inside and 125 on the Deck. The building is 6,172 sf with 4,237 +/- sf on the ground floor, and 1,935 sf +/- on the second floor deck with views of beautiful Lake Tahoe. The 0.38 acre parcel features 22 parking spaces and a secure trash enclosure on a paved lot. The property is located on popular Lake Blvd in Kings Beach, CA in scenic North Lake Tahoe. Recent enhancements in the vicinity have further elevated the area’s allure. Improvements to the roadway, sidewalk, lighting, and landscaping have created a vibrant, pedestrian-friendly commercial center in the heart of the Kings Beach community. Most fixtures, furniture, and equipment are included in the purchase price. The full-service kitchen features a prep station, cook station, dishwashing station, and wait station. The second floor deck is serviced by an elevator and includes a wait station, large umbrellas and patio heaters. There is a 600 kw natural gas generator that is capable of running the entire building. The gorgeous wood bar, decorative tile accents, distinctive light fixtures, and glazed tile flooring offer an enchanting space for patrons to visit while enjoying cocktails.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2007

Cap rate & NOI

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

Location

8791 North Lake Boulevard Kings Beach, CA 96143
Kings Beach metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.50M

Owner & transaction history

Comparables

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