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8748 North Lake Boulevard

Kings Beach, CA 96143
  • $1,550,000
  • STATUS: Closed
  • ON SITE: 315 Days
  • MLS #: 20212363
Sold - 03/01/2022
$1,550,000
SOLD - 03/01/2022
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,856
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1954
County:

School Ratings & Info

Description

Prime North Lake Blvd frontage and high visibility in the Kings Beach Commercial Core Improvement area. Existing 2-story 4856 SF building, zoned Mixed-Use Commercial. Currently operated as work force housing with 13 month-to-month tenants offering steady income, full occupancy and a 5%+ cap rate. Strong upside potential for redevelopment and vertical expansion in this growing high traffic commercial corridor close to beaches, restaurants, and recreation.

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Tahoe Sierra Board of Realtors logo © 2022 Tahoe Sierra Board of Realtors, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from TSBoR. Real estate listings held by brokerage firms other than Becky Arnold Real Estate at Chase International are marked with the TSBoR logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Becky Arnold Real Estate at Chase International. Data last updated: 2022-08-08T21:34:37.607.
www.beckyarnoldrealestate.com/homes/121819872
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8748 North Lake Boulevard Kings Beach, CA 96143

  • Price: $1,675,000
  • Status: Closed
  • On Site: 315 Days
  • Updated: 24 min ago
  • MLS #: 20212363
0
Beds
0
Baths
0
½ Baths
0.37
Acres
4,856
SQFT
$0
$/SQFT
1954
Built
Neighborhood:
North Laketahoe
County:
Placer
Area:
Brockway Vista-1So
Property Description
Prime North Lake Blvd frontage and high visibility in the Kings Beach Commercial Core Improvement area. Existing 2-story 4856 SF building, zoned Mixed-Use Commercial. Currently operated as work force housing with 13 month-to-month tenants offering steady income, full occupancy and a 5%+ cap rate. Strong upside potential for redevelopment and vertical expansion in this growing high traffic commercial corridor close to beaches, restaurants, and recreation.
Exterior Features

Exterior Features LandscapingLighting/SecurityParking/10+ Spaces Parking Spaces 10-29 Parking Surface Paved Surface Setting Street Stories Two Topography Level View CityDowntown

Property Features

Extras High Traffic LocationHigh VisiblityHigh Frontage Service Type Full Service Sub Status Standard Zoning Commercial

Tahoe Sierra Board of Realtors logo Listing provided courtesy of Ron Hemig of Sierra Sotheby's Int - Rock: 530-587-3505. Listing information © 2022 Tahoe Sierra Board of Realtors.
Tahoe Sierra Board of Realtors logo © 2022 Tahoe Sierra Board of Realtors, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from TSBoR. Real estate listings held by brokerage firms other than Becky Arnold Real Estate at Chase International are marked with the TSBoR logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Becky Arnold Real Estate at Chase International. Data last updated: 2022-08-08T21:34:37.607.
 
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Becky Arnold Real Estate at Chase International
531 North Lake Blvd, PO Box 854
Tahoe City CA, 96145