Lake Tahoe's Commercial Market 2021
I had the honor of representing the sale of an amazing Kings Beach commercial opportunity. It was located in the heart of downtown Kings Beach and was 100% rented. Tenants included Jason's Beachside Grille, Adrift Tahoe, and Lake Tahoe Photo Gallery. While this 5000 square foot commercial building is under contract, there are still many new and exciting commercial properties available in North Lake Tahoe.
The Lake Tahoe market has been on fire for over a year. The commercial market was slow to rally, but it was only because there weren’t that many listings. Suddenly, some of the most iconic, commercial properties in North Lake Tahoe have become available for sale.
Listings include the US Bank Building in Tahoe City and the JK Architecture Engineering stunner at the Y. Prices of these commercial buildings range between $3.8 million and all the way down to the low $600Ks for units in the airport area of Truckee.
There are a few industrial properties in Tahoe City and Kings Beach, and a commercial listing near Donner Lake. Below are a few of my favorite new commercial listings.
This architecturally stunning commercial building is right in the heart of Tahoe City at the ‘Y.’ Highly visible, it sits at the junction of SR 89/SR 28 aka N Lake Blvd and W Lake Blvd. It is presently 100% leased, but there may be opportunities for owner/user. Currently, there are two commercial tenants on the ground floor, one commercial tenant upstairs and 3 residential apartments upstairs. The property has TRPA/BMP Certificate. $2,390,000
This Old Tahoe style, 4 suite building in Brickletown is in great condition and built in 2002. It includes 2 ground floor suites with accountant, and 2 upper suites (repainted w carpet,) high vaulted ceilings, and shared bath. There is also 10236 donner pass road, 2 bed 1 bath home included in the sale, which is class B historical. Walk to all downtown shops, restaurants, and truckee river. Central location with side walks to make it convenient to renters or owners. $1,290,000
This iconic US Bank building is 100% office occupied and located in the heart of Tahoe City commercial district! 3 strong tenants, this well maintained building is an incredible opportunity. 11,244 SF with a drive through on the northeast side and a grandfathered in time/temp sign (the only one in town). Within the business hub of Tahoe City, this location offers high profile identity for the tenants and convenience of customers. US Bank, Loverde Builders and West Lake Properties are all open for business, please do not disturb the tenants. $3,800,000
The Carmel Gallery building fronting on the Main Street of Historic Downtown Truckee offers excellent curb appeal with an interior/exterior mountain rustic design. It is located immediately across from a newly developed parking area & lies within the commercial center of Old Town Truckee. This property is ideally situated between the Downtown Truckee Commercial Row area and the Railyard Redevelopment. A perfect location with high traffic and great visibility. $2,850,000
Representing commercial properties in Lake Tahoe requires an agent experienced in the nuances that come along with the sale. I not only have an excellent base of investors, I know where to market commercial properties to get the greatest exposure. This is an excellent time to consider investing in the Lake Tahoe commercial market as I believe prices still have upward viability.
Contact me today for a no obligation marketing plan or for more information on available commercial properties in Lake Tahoe.