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Property profile & analytics
FOR SALE
Retail space

3542 Lake Tahoe Blvd South Lake Tahoe, CA 96150

5,591 SF 0.43 ac lot Built 1937
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US09-2965166
Property summary
AI-generated overview

This exceptional commercial property at 3542 Lake Tahoe Boulevard in South Lake Tahoe, CA, presents a unique investment opportunity. Boasting 5,591 square feet on a 0.43-acre lot, this two-story building offers significant potential for a variety of uses. Currently configured as a retail space (formerly a brewery and currently The Village Board Shop), the property benefits from high visibility and foot traffic due to its coveted Highway 50 frontage within the Tourist Core Area. Multiple permitted uses allow for flexibility in adapting the space to suit diverse business needs. Ample parking is available, and a charming front patio provides additional outdoor space, ideal for summer use. The property's strategic location near Ski Run Boulevard, Heavenly California base lodge, casinos, the new Tahoe Blue Events Center, and numerous hotels ensures maximum exposure and accessibility. The asking price is $1,950,000, translating to $375.60 per square foot. This is a rare chance to acquire a well-situated commercial property in a thriving tourist destination. The property's history as a successful business adds to its appeal, offering a proven track record in a high-demand location. Don't miss this chance to capitalize on the unique advantages of this prime South Lake Tahoe commercial real estate offering.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1937
Total area 5,591 SF
Lot 0.43 ac (18,730 SF)
Zoning code GC
APN 027-101-002-000
UPID US09-2965166
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
  • The Village Board Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.60M
CAP Approach CAP
$1.23M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.65M
Owner & transaction history
Destin Adventures LLC · 3 yrs held
Destin Adventures LLC
since 2023
Last sale
$1.7M
7 recorded transactions
2023
$1.7M
2020
$1.5M
2018
Price N/A
1977
Price N/A
1976
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
GC · South Lake Tahoe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.5M +9.4%
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More about this property
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