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605 Highway 50 6,562 SF 94% Leased Retail Building Zephyr Cove, NV 89448 $2,250,000 ($342.88/SF) 9.36% Cap Rate
Investment Highlights
- Opportunity for Retail/Office uses
- Tenant Mix Includes a Restaurant Space and Multiple Office Users
- 2 Residential Short Term Rentals
Executive Summary
Great tourist traffic: close to timeshares, vacation rentals, Heavenly Ski Resort, Zephyr Cove Beach & Resort, parks and casinos. Great exposure on the main road from South Lake Tahoe to North Lake Tahoe/Carson City/Reno.
Built in 1977, Fully Remodeled
Opportunity for Retail/Office uses
Common Restrooms
2 Residential Short Term Rentals
Tenant Mix Includes a Restaurant Space and Multiple Office Users
Built in 1977, Fully Remodeled
Opportunity for Retail/Office uses
Common Restrooms
2 Residential Short Term Rentals
Tenant Mix Includes a Restaurant Space and Multiple Office Users
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,562 SF
Building Class
C
Year Built
1977
Price
$2,250,000
Price Per SF
$342.88
Cap Rate
9.36%
NOI
$210,526
Percent Leased
94%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.44 AC
Zoning
C-1 - Nieghborhood Commercial
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Great tourist traffic: close to time shares, vacation rentals, Heavenly Ski Resort, Zephyr Cove Beach & Resort, parks & casinos. Great exposure on the main road from South Lake Tahoe to North Lake Tahoe/Carson City/Reno. Lease Rate: $950.00/MO + Utilities Utilities: $200.00/MO
| Space | Size | Space Use | Position | Available |
| 12 | 420 SF | Office | - | Now |
12
| Size |
| 420 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
12
| Size | 420 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Great tourist traffic: close to time shares, vacation rentals, Heavenly Ski Resort, Zephyr Cove Beach & Resort, parks & casinos. Great exposure on the main road from South Lake Tahoe to North Lake Tahoe/Carson City/Reno. Lease Rate: $950.00/MO + Utilities Utilities: $200.00/MO
Nearby Major Retailers
Property Taxes
| Parcel Number | 1318-10-417-051 | Improvements Assessment | $159,066 |
| Land Assessment | $89,250 | Total Assessment | $248,316 |
Property Taxes
Parcel Number
1318-10-417-051
Land Assessment
$89,250
Improvements Assessment
$159,066
Total Assessment
$248,316
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605 Highway 50
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