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California Motel
8092 North Lake Blvd, Kings Beach, CA 96143
Motel & cabin
$1,800,000
9
0 SF
$200,000
Hotel & Motel
Economy/ Limited Service
Garden/Low-Rise
Investment
4%
2
1970
0.25 AC
-
Find Out More...
Last Verified 5/11/2012
Listing ID 15269684
Highlights
LAKE TAHOE: BACKS TO LAKEFRONT PARK- HEART OF COMMERCIAL CTR IN KINGS BEACH
- SUPERB LAKE VIEWS
- KEYSTONE CORNER
- CURRENTLY UNDER-UTILIZED WORKFORCE HOUSING
- SOLID CASH FLOW
Description
LAKE TAHOE This a well-maintained 8-unit motel with a one-bedroom cabin and a free-standing garage ... and valuable main street off-road parking. This property is currently being rented to workforrce housing; a clearly undervalued use since it backs to a lakefront park, making it virtually 'lakefront' ... and has superb views; but the real story is the renaissance underway in Kings Beach with millions in new development money and a new streetscaper that will transform Lake Tahoe's best beach area. Kings Beach entry point from Truckee and its five new golf course communities, three of which are private
Located on a keystone corner in the heart of Lake Tahoe's Kings Beach this sweet little nine-unit motel will become a high profile location in the middle of huge developments unfolding in Kings Beach proper (new streetscape, sidewalks, lane reduction, store frontage); up the street Crystal Bay casino property sold to development group; plus much more underway on Lake Tahoe's premiere beach community. Perfect opportunity for exclusive 'boutique' motel.
Actual
2007
$800
$620
$620
$650
$620
$650
$620
$650
$650
$100
$71,760
$0
| Description | No. Rooms | Avg. Rate | |
|---|
| Lakeview Motel Rooms | 8 | $650 | |
| Mgrs 1-bedrm cabin | 1 | $800 | |
| garage | 1 | $100 | |
Map of 8092 North Lake Blvd, Kings Beach, CA 96143 (Placer County)
Created 8/2/2007
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Additional Information for 8092 N Lake Boulevard, Kings Beach, CA 96143
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P