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    OFF-MARKET
    Hotels

    985 Park Ave, South Lake Tahoe, CA 96150-6964

    4,440 SF 0.35 ac lot Built 1958
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US09-2460799
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL/MOTEL
    Year built 1958
    Construction WOOD
    Total area 4,440 SF
    Lot 0.35 ac (15,245 SF)
    Zoning code TC
    APN 029-065-004-000
    UPID US09-2460799
    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
    • Blackjack Inn South Lake Tahoe Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Mountaineer Hospitality LLC · 5 yrs held
    Mountaineer Hospitality LLC
    since 2020
    7 recorded transactions
    2020
    2019
    1984
    $40,000
    1978
    1969
    1969
    1969
    Zoning & alternative use
    TC · South Lake Tahoe, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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