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Emerald Bay Lodge 735 Emerald Bay Rd

23 Room Hotel South Lake Tahoe, CA 96150 $4,250,000 ($184,783/Room)

Investment Highlights

  • 24 units for ample guest accommodations including managers unit outside bar and swimming pool
  • The Emerald Bay Lodge Hotel has gone through extensive renovations starting in 2022
  • Proximity to popular dining and entertainment options
  • Plans have been submitted for a restaurant and outside bar to the Eldorado Health Department
  • Zoned for Town Center, offering diverse development opportunities
  • Opportunity to capitalize on the thriving tourism industry

Executive Summary

NAI Tahoe Sierra is pleased to present the Emerald Bay Lodge Lake Tahoe. The hotel has 24 rooms including managers unit, outside bar, and a swimming pool across 3 building stories with a Gross Building Area (GBA) of +/-6,628 square feet. The Emerald Bay Lodge Hotel has gone through extensive renovations starting in 2022. The renovations breathe new life into the property, enhancing its appeal and functionality for future guests and patrons. List of Capital Improvements that are completed: New Roof, New interior walls and ceiling finish and paint, New flooring, New interior lighting, New Bathrooms, New entry doors, new keyless locks, new high speed wireless internet and Cable service, Completely new furniture and bedding.
Plans have been submitted for a restaurant and outside bar to the Eldorado Health Department.

Property Facts

Price $4,250,000
Price Per Room $184,783
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.00 AC
Building Size 6,628 SF
No. Rooms 23
No. Stories 1
Year Built/Renovated 1958/2023
Tenancy Single
Parking Ratio 1.59/1,000 SF
Corridor Exterior

Amenities

  • Pool

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 23 $129.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
023-161-005-000
Land Assessment
$202,152
Improvements Assessment
$635,345
Total Assessment
$837,497

zoning

Zoning Code Town Center (Nestled in the heart of the Sierra Nevada mountains, the area offers access to world-class skiing, hiking, water sports, and nearby landmarks.)
Town Center (Nestled in the heart of the Sierra Nevada mountains, the area offers access to world-class skiing, hiking, water sports, and nearby landmarks.)
  • Listing ID: 32477742

  • Date on Market: 7/16/2024

  • Last Updated:

  • Address: 735 Emerald Bay Rd, South Lake Tahoe, CA 96150

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