Lake View Plaza 3330 Lake Tahoe Blvd 14,600 SF Vacant Retail Building South Lake Tahoe, CA 96150 $3,597,000 ($246.37/SF)

Property Overview
Lakeview Plaza is a premier commercial retail center including twelve (12) retail units, spanning approximately 14,600 square feet, and strategically located on a +/-1.27 acre parcel across from the picturesque shores of Lake Tahoe. The subject property is situated in a high-traffic area with stunning lake views, All twelve units are currently occupied, ensuring steady cash flow from day one. The tenant mix includes a diverse range of services and dining options, contributing to the center’s strong customer draw.
Redevelopment Potential
Lakeview Plaza presents a compelling redevelopment opportunity. All existing leases are below market rates and based on their usable square footage offering substantial upside potential upon renewal, re-leasing, and/or leasing up. Property size would convert into approximately 48 Residential Units of Use (RUU) or Tourist Accommodation Units (TAU) and up to 72 Multifamily Units of Use (MFERUU). Current zoning allows for up to 40 hotel units and 15 multi-family units per acre. Additionally, a pending city amendment could increase this to 65 multi-family units per acre, anticipated to be finalized by Fall 2025.