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2875 Lake Forest Rd

7,666 SF Specialty Building Offered at $1,500,000 at a 5.07% Cap Rate in Tahoe City, CA 96145

Specialty Properties California Tahoe City 2875 Lake Forest Rd, Tahoe City, CA 96145

Investment Highlights

  • Rare light industrial zoning including offering in-place entitlements for a professional storage facility incl. residential entitlements; hi-demand
  • Across the street from multi-million dollar sub-division and Public lakefront park

Executive Summary

Commercial property on Lake Forest Rd; historically, the Snyder Lumber Property has a wide berth on allowable uses. Particularly interesting is 'storage' and 'affordable housing', both of which are in great demand. The property has been significantly re-priced to provide an attractive ROI. Just under one acre on 3 lots. Three existing and verified residential units; 9500 sq.ft. + verified Commercial Flr Area, 15 Storage, one commercial shop - generating a cash flow. This property was once mapped by Sagan Design for mini-storage. Placer County has a stated motivation to see this property developed as affordable housing. NOTE: IN ATTACHED DOCUMENTS YOU WILL SEE A DETACHED FOURTH LOT ... 0ne-third acre which generates an additional $27.5K from local contractor equipment storage ... the lot would provide additional entitlements which relate to square footage; this a stand-alone 8% ROI with virtual minimal mgmt Offered: $350,000

Attachments

FARWELL Site Plan Vail 1995
FARWELL 2875 Lake Forest TWO
FARWELL 2880_Hillcrest_Ave_Combined_Report ONE
FARWELL 2895 Lake Forest TWO
LAKE FOREST COUNTY RESEARCHED MAPS
FARWELL 2895 Lake Forest 004

Data Room Click Here to Access

  • Investigations

Property Facts

Price $1,500,000 Building Class C
Price Per SF $196 Lot Size 0.83 AC
Sale Type Investment Building Size 7,666 SF
Cap Rate 5.07% No. Stories 1
Sale Conditions Redevelopment Project Year Built 1939
Property Type Specialty Parking Ratio 1.96/1,000 SF
Property Subtype
Contractor Storage Yard
  • Industrial Warehouse
  • Office Office Residential
Price $1,500,000
Price Per SF $196
Sale Type Investment
Cap Rate 5.07%
Sale Conditions Redevelopment Project
Property Type Specialty
Property Subtype
Contractor Storage Yard
  • Industrial Warehouse
  • Office Office Residential
Building Class C
Lot Size 0.83 AC
Building Size 7,666 SF
No. Stories 1
Year Built 1939
Parking Ratio 1.96/1,000 SF

Amenities

  • Signage
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 093-041-004
  • 093-041-005
 Improvements Assessment $15,013
Land Assessment $490,942 Total Assessment $505,955

PROPERTY TAXES

Parcel Numbers
Multiple
  • 093-041-004
  • 093-041-005
Land Assessment
$490,942
Improvements Assessment
$15,013
Total Assessment
$505,955

zoning

Zoning Code LI (Light Industrial)
LI (Light Industrial)
(530) 448-6813

Contact

  • Listing ID: 30134898

  • Date on Market: 1/10/2023

  • Last Updated:

  • Address: 2875 Lake Forest Rd, Tahoe City, CA 96145

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2875 Lake Forest Rd, Tahoe City, CA for sale Building Photo- Image 1 of 8
Lake Forest Map 053123 without Branding
2875 Lake Forest Rd, Tahoe City, CA for sale Plat Map- Image 2 of 8
Lake Forest Map
2875 Lake Forest Rd, Tahoe City, CA for sale Building Photo- Image 3 of 8
Building Photo
2875 Lake Forest Rd, Tahoe City, CA for sale Building Photo- Image 4 of 8
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2875 Lake Forest Rd, Tahoe City, CA for sale Building Photo- Image 6 of 8
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2875 Lake Forest Rd, Tahoe City, CA for sale Building Photo- Image 7 of 8
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2875 Lake Forest Rd
(530) 448-6813 x

2875 Lake Forest Rd

Michael Willette

(530) 448-6813

(530) 448-6813

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