985 Park Ave, South Lake Tahoe, CA 96150-6964
The Black Jack Inn, a 4,440 square foot, two-story hotel located at 985 Park Ave, South Lake Tahoe, CA 96150, presents a unique investment opportunity. This single-tenant property sits on a 15,246 square foot lot and boasts 22 rooms, all nonsmoking, and a 24-hour front desk. Built in 1958, the property is zoned TC and features 24 parking spaces. Its prime location at the California/Nevada border offers easy access to numerous attractions. A short three-minute walk leads to Heavenly Village, providing guests with convenient access to skiing, dining, and shopping. Furthermore, the proximity to Stateline Casino (a five-minute walk) enhances the property's appeal to both leisure and gaming tourists. The entire 4,440 square feet of the building is currently vacant, presenting a blank canvas for a new hospitality venture. The property's APN is 029-065-004-000, and it is located in El Dorado County. This exceptional opportunity allows for a thriving business in a high-demand tourist destination. The property's existing infrastructure provides a solid foundation for immediate occupancy and operation.
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Blackjack Inn South Lake Tahoe Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TC · South Lake Tahoe, CASouth Lake Tahoe. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.