3330 Lk Tahoe Blvd 1 South Lake Tahoe, CA 96150-7952

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.