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- LoopNet Team
4125 Lake Tahoe Blvd
South Lake Tahoe, CA 96150
Resort at Heavenly - Entitled & Permitted · Land For Sale
·
8.00 AC
INVESTMENT HIGHLIGHTS
- Situated in an Opportunity Zone created by the Tax Cuts and Jobs Act on December 22, 2017.
- Fully entitled and permitted site for up to +/-387 condo/hotel units and +/-187,000 SF of accessory retail/commercial space.
- Horizontal and vertical improvements have been completed so additional vertical construction can commence quickly.
- The property includes approximately 8.0 acres of land and entitlements with permits, including related parking and garage structures.
- All utilities are to the site.
- Property is located across the street from Heavenly Mountain Resort, Marriott, Casinos, and walking distance to Edgewood Resort, beaches, and marina.
PROPERTY FACTS
DESCRIPTION
NAI Tahoe Sierra is pleased to offer the opportunity to acquire the Resort at Heavenly in South Lake Tahoe, California. The subject property is situated in an Opportunity Zone and includes approximately 8.0 acres of land and entitlements, including related parking and garage structures. The property is entitled and permitted for +/-365 condo/hotel units and +/-187,000 SF of accessory retail/commercial space, including event/meeting space up to +/-90,000 SF, which could be configured to accommodate multiple small/medium/ large events. All the utilities are to the site. Horizontal and vertical improvements have been completed so additional vertical construction can commence quickly. The property is located across the street from Heavenly Mountain Resort and Village, Marriot Grand Residences, and Harvey's, Harrah's and Hard Rock casinos, and is within walking distance to Edgewood Resort, beaches, and marina.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $11,546,470 | |
| Land Assessment | $11,079,265 | Total Assessment | $22,625,735 |
PROPERTY TAXES
