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Property summary
Lakeview Plaza, a 14,600 square foot retail strip center in South Lake Tahoe, California, is offered at $4,250,000. This fee-simple property, located at 3330 Lake Tahoe Blvd (APN 027-361-004-000), sits on a 1.27-acre lot across from Lake Tahoe. The Class C center features twelve occupied retail units, providing immediate cash flow. All leases are modified and below market rate, presenting significant upside potential upon renewal or re-leasing. The current zoning (GC) allows for up to 40 hotel units and 15 multi-family units per acre, with a potential increase to 65 multi-family units per acre anticipated by Fall 2025. The property's size could also support approximately 48 Residential Units of Use (RUU) or Tourist Accommodation Units (TAU), or up to 72 Multifamily Units of Use (MFERUU). This prime location offers high visibility and accessibility in a high-traffic area with stunning lake views. The diverse tenant mix ensures a strong customer base. The property's location in El Dorado County, CA, zip code 96150, makes it an attractive investment opportunity. Each lease includes a termination on sale clause, allowing for immediate repositioning upon acquisition. Built in 1962, this property presents a compelling redevelopment opportunity with substantial upside.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
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Law Firm
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(Bike/Boat/Book/etc) Store
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Restaurant
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Insurance Agency
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the South Lake Tahoe market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GC · South Lake Tahoe, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GC in South Lake Tahoe, CA.
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