3542 Lake Tahoe Blvd 5,591 SF Vacant Retail Building South Lake Tahoe, CA 96150 $1,550,000 ($277.23/SF) 7.12% Cap Rate

HIGHWAY 50 Frontage | 5,591 Sq Ft | Multi-Use Retail + Studio + Café Buildout | Tourist Corridor | Huge Parking Lot | Redevelopment Potential
High-visibility commercial property on iconic Highway 50 in South Lake Tahoe’s prime Tourist Corridor, less than 1 mile from the Stateline casinos and under ¼ mile from Heavenly Ski Resort. This rare 5,591 sq ft mixed-use property sits on 0.43 acres with 17 private parking spaces — significantly more parking than comparable Tahoe commercial listings.
The property consists of three interconnected buildings offering exceptional flexibility for retail, restaurant, café, multi-tenant layouts, co-op retail, experiential tourism businesses, or redevelopment into short-term rental or workforce housing (buyer to verify). Zoned Multi-Use / Tourist Corridor, allowing for one of the widest use ranges in the city.
PROPERTY FEATURES
Building A – ±1,057 sq ft Retail + 800 sq ft Studio Apartment
- High-visibility retail storefront (former front-of-house for The Brewery)
- Matching basement footprint for extensive storage
- Unfinished ±800 sq ft upstairs studio apartment with separate entry (short-term rental eligible / Airbnb potential)
- Direct internal access to Buildings B & C
- ADA-compliant entrance
Building B – ±860 sq ft Newly Remodeled Café Space
- Newly renovated interior ready for café, food service, grab-and-go, wine bar, dessert bar, or retail
- Two ADA-compliant restrooms
- New tenant buildout underway
- Direct access to roof of Building C (future expansion potential)
Building C – ±2,040 sq ft Large Open-Plan Retail / Restaurant Space
- Former commercial kitchen with existing floor drains, venting, and high ceilings
- Permitted for vertical expansion (buyer can add additional floors)
- Includes 3 dressing rooms, office, storage rooms, and multiple exterior entrances
- Currently occupied by The Village Board Shop (can be delivered vacant or partially vacant)
- Ideal for large retail, restaurant, brewery, fitness concept, co-op retail, or mixed-use redevelopment
SITE & LOCATION ADVANTAGES
- Highway 50 frontage with daily year-round traffic
- Visibility to tourist flow between Heavenly Village, the casinos, and Lake Tahoe beaches
- HUGE private parking lot (17 spaces — unmatched in this corridor)
- Allows for multiple tenant configurations and separate entrances
- Walking distance to Heavenly Ski Resort lifts, casinos, and lake access
- Positioned in the highest-demand retail zone in South Lake Tahoe
ZONING & USE FLEXIBILITY
Multi-Use / Tourist District Zoning:
- Retail
- Restaurant / café / bar
- Brewery
- Sporting goods or outdoor recreation operator
- Multi-tenant retail co-op
- Fitness / wellness studio
- Professional office
- Short-term rental unit
- Redevelopment into multi-unit residential or mixed-use (verify with City)
VALUE-ADD OPPORTUNITY & INCLUDED ITEMS
Owners are highly motivated and open to serious offers. Depending on offer strength, seller may include:
- Hardwired security camera system
- Retail lighting package
- Fixtures, furniture & equipment
- Select retail inventory
- Display cases & retail buildouts
- Potential negotiation for ski/snowboard rental equipment
- Sellers may entertain partial seller-carry for qualified buyers
INVESTMENT HIGHLIGHTS
- Turnkey multi-use property with multiple income streams
- Tourist Corridor zoning (short-term rental potential + broad commercial use)
- Redevelopment upside — vertical expansion permitted
- Prime South Lake Tahoe location
- Massive parking (17 spaces)
- Strong tenant demand area
- Delivered vacant, partially leased, or fully leased depending on buyer strategy
- Ideal for owner-user, 1031 buyers, investors, or developers
Perfect for:
- Retail operators
- Restaurant or café concepts
- Ski/outdoor gear businesses
- Investors seeking redevelopment upside
- Owner-users wanting a live/work option
- Boutique hotel, luxury Airbnb, or lodging conversion
- Multi-unit retail or food-court style co-op
- Mixed-use commercial + residential developers