Iconic Commercial Properties for Sale
Lake Tahoe and the Sierra Nevada mountains have a rich history. Truckee developed from the lumber mills and stores that offered provisions to the Nevada gold mines. Later, Truckee became the hub for shipping ice to the larger cities in California. Boca even delivered an ice cold beer long before Coors did the same in Colorado!
The old town of Truckee has been lovingly preserved with Brickletown and Commercial Row and its many historic buildings. It isn’t often that these properties come onto the market, but here are a few of my favorite commercial picks.
This is your chance to own a piece of Truckee's history with one of the most beautiful buildings in old town Truckee. The coveted Historic Rex Hotel is located in downtown 'Commercial Row'. This beautiful three story and original red brick building is south facing with beautiful views. The property has a great long term tenant base and cash flow. The interior was remodeled on all three levels in 2016. Exterior was painted and upgraded with 3rd story exterior roof top deck improved. Price:$4,259,000
While Commercial Row served the travelers disembarking in Truckee from the railroad, Brickletown was where the actual lumber workers lived. Brickletown has gone through a renovation since 2006, and one of the redeveloped properties is now on the market.
This is an excellent commercial property in the heart of downtown Truckee. It includes two buildings with six mixed-use office and retail suites. The property is located in a high traffic and pedestrian corridor near businesses, coffee shops, restaurants, and downtown. It is currently 83% occupied with 5 tenants on NNN leases. The 6th suite is vacant offering a great opportunity for future leasing or an owner-user business. The roof was updated and the exterior painted within the last 5 years. Desirable off-street parking available. Price:$3,850,000
Lost Sierra North of Lake Tahoe
In the Lost Sierra, 45 mintues north of Truckee, many people are discovering an area that seems like Lake Tahoe decades ago. Although it is part of the Tahoe National Forest, it retains an old-time charm, and tucked along the Yuba River, it is a recreational paradise for gold-mining, fly-fishing, hiking and mountain biking. In fact, Downieville has transformed from an old mining town into a world class mountain biking haven.
Sierra City is famous for its close proximity to the Pacific Crest Trail and Sierra Buttes. Whether swimming in the granite pools of Love’s Falls, or hiking the Sierra Buttes with views of Sardine and surrounding lakes, the landscape is truly magical.
Located in the quaint town of Sierra City, the Yuba River Inn was part of the Devine family farm in the 1800’s, which supplied miners and townspeople with provisions. In 1988, the property went through a complete renovation and has 10 cabins, main house and residence, chalet and shop, nestled on 20+ acres of forested land. It boasts 4,500 feet of river frontage on the spectacular Yuba River. For more than 80 years in business, they have provided guests access to the Yuba River and all the recreation activities such as PCT hiking, kayaking, mountain biking, fishing, and rafting. This is a rare opportunity to invest in an area within the Tahoe National Forest that still has huge future development potential. Price:$3,000,000
The Downieville Downhill is an epic 16-mile mountain bike trail from the Sierra Buttes, along rivers and waterfalls that are truly breathtaking. Wild-flower meadows resemble something surreal, with a landscape of granite peaks among a mix of oak and pine.
Riders shuttle to the Buttes and follow a single track through a downhill terrain that attracts world class bikers from all around the world. Downieville has a rich history from the Gold Rush period, and almost became California’s state capital!
Whether biking, hiking, panning for gold or fly-fishing on the North fork of the Yuba River, this area is a recreational wonderland. The iconic Lure Resort is another interesting commercial opportunity that has recently come onto the market.
Only one mile from Downieville, cradled between the North Yuba River and Secret Ridge is one of the finest vacation lodges in all of the Sierra. The Lure Resort (16 cabins) & Slate Castle Ranch (2 single-family homes) represent a once-in-a-lifetime opportunity by way of a Special Use Permit, that without, development would be impossible. The resort includes eight re-imagined cabins plus eight camping cabins. It also has employee living quarters and an office. For investors, there is a significant value-add opportunity and potential for a world-class event center. The property and grounds are truly unique. Price:$3,750,000
I love seeing Lake Tahoe’s commercial market thriving and am watching the surrounding areas for entry level commercial opportunities. Contact me today for more information about available commercial properties.