Great Investment Opportunities Lake Tahoe
I recently sold a commercial property in Kings Beach that included tenants like Jason’s Beachside Grill and Adrift Tahoe. The property sold for $2.65 million.
Many investors have begun entering Lake Tahoe’s hot market, and we are seeing the commercial market heat up.
The Tahoe Biltmore and Beesley’s Cottages were just purchased by a California investor. They will create a new complex referred to as an exclusive “marquee destination.” Beesley’s Cottages will become the Beach Club for the new property. This is going to change investment opportunities in Kings Beach and Crystal Bay dramatically.
In North Lake Tahoe and Truckee, there are currently only 11 commercial listings, with a few north of Truckee in Graegle and one near Portola. Just as many residential buyers have begun looking north of Truckee for opportunities, the commercial market too, is gaining traction north of Truckee.
In terms of a great investment opportunity for those who want to build, I have listed a few choice listings with amazing upside potential. All are located on the North Shore or Truckee.
This is a wonderful south facing Panoramic Lakefront Development opportunity in Lake Tahoe with 71' of frontage. Zoned multi-use/commercial, the opportunities for this lakefront lot has a ton of potential. Property could be converted to a single family lakefront, or be used as a hotel, motel, commercial condo, multi-family, retail or a restaurant.
Extensive prior work was done with a local planner who has decades of information on this property. The property comes with 2 buoys and buyer can apply for a pier. Price: $3,400,000
This is commercial land with an exceptional opportunity to build with newly permitted easement, allowing access directly from HWY 89. Buyer can earn income now with Billboard.
The parcel is adjacent to the Cross Roads Shopping Center with Starbucks, Save Mart, CVS, Frozen yogurt shop, Crossfit Gym and Pizza Parlor. Multiple use possibilities. Retail, Hotel, Rental Property. Price: $1,100,000
Don't miss this beautiful "Old Tahoe" home in Carnelian Bay. It is located in an outstanding location and has been family owned for years! Enjoy a large, 7 bedroom, 2 bath residence with a carport. This commercial listing offers endless possibilities!
Located directly across from the lake, it has public beach access. It is situated near Garwood's Restaurant and the marina that showcases the concours d'elegance wooden boat show. Located in between Kings Beach and Tahoe City, it is close to all that Tahoe has to offer! Price: $1,799,000
If you are a builder or investor and would like more information on available listings, or potential opportunities that are not on market, contact me today.