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3330 Lake Tahoe Blvd
South Lake Tahoe, CA 96150
Lake View Plaza · Retail Property For Sale
Investment Highlights
- Lakeview Plaza is a commercial retail center with twelve retail units, covering approximately 14,600 square feet on a +/-1.27 acre parcel.
- All twelve units are currently occupied, providing steady cash flow from day one.
- The property can be converted into 48 Residential Units of Use (RUU) or Tourist Accommodation Units (TAU) and up to 72 MFERUUs.
- The property is located in a high-traffic area with stunning lake views, ensuring significant visibility and accessibility.
- Existing leases are below market rates, offering substantial upside potential through renewal, re-leasing, and leasing up.
- Current zoning allows 40 hotel units and 15 multi-family units per acre, with a possible increase to 65 by Fall 2025.
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
14,600 SF
Building Class
C
Year Built
1962
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.26
Lot Size
1.27 AC
Zoning
GC - The property offers proximity to renowned attractions such as Heavenly Mountain Resort, Edgewood Tahoe Golf Course, and the bustling downtown area.
Parking
50 Spaces (3.42 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
- Waterfront
- Air Conditioning
Property Taxes
| Parcel Number | 027-361-004-000 | Improvements Assessment | $879,232 |
| Land Assessment | $502,418 | Total Assessment | $1,381,650 |
Property Taxes
Parcel Number
027-361-004-000
Land Assessment
$502,418
Improvements Assessment
$879,232
Total Assessment
$1,381,650
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