941 Emerald Bay Rd South Lake Tahoe, CA 96150

Property Details for 941 Emerald Bay Rd

Lot size

0.56 lot acres

Property type

Commercial real estate

APN

023-191-007-000

Description

This exceptional 0.56-acre commercial land parcel, located at 941 Emerald Bay Rd, South Lake Tahoe, CA 96150 (APN 023-191-007-000), presents a unique investment opportunity. Situated at a prominent "Y" intersection in the Tahoe Valley Area Plan, this property boasts significant pre-approved development rights, eliminating lengthy permitting processes. The existing approved flexible design format project allows for a mixed-use building of approximately 7,604 square feet, encompassing retail/restaurant space on the first floor, office space on the second, and deluxe apartments on the third. A supplementary structure is also planned, featuring an art studio and a loft apartment. The design prioritizes green building certification. The property benefits from substantial Conservation Fee Allowance (CFA) coverage, including 1,434 square feet of banked CFA and a 6,170 square foot bonus, totaling 18,633 square feet of paid coverage – eliminating any future TRPA coverage fees. A 45-foot height restriction is in place. Developers have the option to utilize the existing approved plans or create a custom design tailored to their vision. This grandfathered property also includes a Caltrans encroachment allowance. The asking price is $765,000. This is a rare chance to acquire a fully permitted and strategically located parcel in the desirable South Lake Tahoe market, ready for immediate development. The permitted zoning is TC.