960 Emerald Bay Rd
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960 Emerald Bay Rd
8,896 SF 100% Leased Retail Building South Lake Tahoe, CA 96150 $3,025,000 ($340/SF) 5.18% Cap Rate
Investment Highlights
- Pet Supermarket anchored retail/office building
- Situated at the busy intersection of the "Y" area in South Lake Tahoe considered the gateway to town
- Prime location in South Lake Tahoe area
- 8,896 SF building including seven (7) units
- Zoned TC for versatile retail use
- Excellent visibility and access for retail businesses
Executive Summary
NAI Tahoe Sierra is pleased to announce the leased investment offering of 960 Emerald Bay Road South Lake Tahoe, CA. The subject property is +/-8,896 SF building, comprised of 7 units, and is anchored by Pet Supermarket. The second floor is comprised of six (6) individual small office units which are in demand in the South Lake Tahoe market. The property was built in 1964 and zoned TC, this property offers a versatile space suitable for a range of retail ventures. The prime location of being located at the busy intersection of the "Y" in the South Lake Tahoe area further enhances the property's appeal, promising excellent visibility and access for retail and office businesses. This property presents an attractive prospect for investors seeking a solid commercial asset with the potential for long-term growth and success in the Tahoe commercial market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,896 SF
Building Class
C
Year Built
1964
Price
$3,025,000
Price Per SF
$340
Cap Rate
5.18%
NOI
$156,634
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.25
Land Acres
0.82 AC
Zoning
TC - Located in South Lake Tahoe vibrant community with a population of residents and visitors who love to hike, bike, SUP, swim, kayak, ski, and board.
Parking
10 Spaces (1.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 3 - Available 2/1/25
- 288 SF
- Retail
- -
- Feb 2025
- 4
- 500 SF
- Retail
- -
- 120 Days
| Space | Size | Space Use | Position | Available |
| 3 - Available 2/1/25 | 288 SF | Retail | - | Feb 2025 |
| 4 | 500 SF | Retail | - | 120 Days |
3 - Available 2/1/25
| Size |
| 288 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Feb 2025 |
4
| Size |
| 500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 120 Days |
Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 023-522-012-000 | Improvements Assessment | $1,161,000 |
| Land Assessment | $389,000 | Total Assessment | $1,550,000 |
PROPERTY TAXES
Parcel Number
023-522-012-000
Land Assessment
$389,000
Improvements Assessment
$1,161,000
Total Assessment
$1,550,000
-
Scott Fair -
NAI Tahoe Sierra
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960 Emerald Bay Rd
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