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Property profile & analytics
OFF-MARKET Estimated value $570,000
Turn key restaurants

2870 Lk Tahoe Blvd South Lake Tahoe, CA 96150-7814

4,524 SF 0.92 ac lot Built 1973
Individually Owned 52-yr Hold Absentee Owner Free & Clear
Property ID
US09-0831995
Property summary
AI-generated overview

This exceptional 5,512 square foot restaurant space is available for lease in the vibrant city of South Lake Tahoe, California. Located at 2870 Lake Tahoe Boulevard, zip code 96150, this single-tenant property presents a unique opportunity for a discerning restaurateur. The building's substantial size offers ample space for a full-service restaurant, potentially including a large dining area, fully equipped kitchen, bar, and additional storage or office space. The property's prime location on Lake Tahoe Boulevard ensures high visibility and accessibility for customers. The address is easily identifiable and benefits from significant foot and vehicle traffic. This established location offers immediate potential for a successful culinary venture, capitalizing on the area's robust tourism and local clientele. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Serious inquiries are encouraged to explore this remarkable opportunity to establish a thriving restaurant business in the heart of South Lake Tahoe's bustling commercial district. Further details regarding lease terms and conditions are available upon request. Don't miss this chance to secure a prime restaurant location in one of California's most desirable destinations.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1973
Construction TILT-UP CONCRETE
Total area 4,524 SF
Lot 0.92 ac (40,075 SF)
Zoning code GC
APN 025-010-043-000
UPID US09-0831995
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
Current use
Occupant on record · Public records
  • tahoe realty Real Estate Agency
  • The Burger Den Restaurant
  • The Meltdown Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$517k
Blend (final) Blend
$570k
Owner & transaction history
Rossmore Ents · 52 yrs held
Rossmore Ents
since 1974
2 recorded transactions
1974
Price N/A
1972
Price N/A
Zoning & alternative use
GC · South Lake Tahoe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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