2516 Lake Tahoe Blvd | South Lake Tahoe, CA 96150
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- LoopNet Team
2516 Lake Tahoe Blvd
South Lake Tahoe, CA 96150
Sugar Pine Inn · Hospitality Property For Sale · 3,352 SF
Investment Highlights
- Sugar Pine Inn a nine (9) unit lodge situated in the center of South Lake Tahoe, CA.
- Upside value to property in flexibility of options with additional house on property and adding eighth hotel unit online.
- High barrier of entry in the Tahoe Basin due to minimal allowable development.
- Seven hotel (7) units have been recently remodeled, are in turnkey condition, and are operating while one (1) room is offline.
- Potential buyer can remodel house into one (1) larger vacation rental, convert to commercial, or build a manager/owner unit.
- Termination of Vacation Rental properties in South Lake Tahoe have created an increased demand for short term lodging options.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 3,352 SF |
| Property Subtype | Hotel | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1953/2020 |
| Lot Size | 0.34 AC | Parking Ratio | 4.47/1,000 SF |
| Construction Status | Converted | Corridor | Exterior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.34 AC |
| Construction Status | Converted |
| Building Size | 3,352 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1953/2020 |
| Parking Ratio | 4.47/1,000 SF |
| Corridor | Exterior |
PROPERTY TAXES
| Parcel Number | 031-072-001-000 | Improvements Assessment | $1,122,000 |
| Land Assessment | $374,850 | Total Assessment | $1,496,850 |
PROPERTY TAXES
Parcel Number
031-072-001-000
Land Assessment
$374,850
Improvements Assessment
$1,122,000
Total Assessment
$1,496,850
zoning
| Zoning Code | GC |
| GC |
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