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Emerald Bay Lodge 735 Emerald Bay Rd 23 Room Hotel South Lake Tahoe, CA 96150 $3,480,000 ($151,304/Room)
INVESTMENT HIGHLIGHTS
- 24 units for ample guest accommodations including managers unit outside bar and swimming pool
- The Emerald Bay Lodge Hotel has gone through extensive renovations starting in 2022
- Prime location in South Lake Tahoe, a sought-after tourist destination
- Plans have been submitted for a restaurant and outside bar to the Eldorado Health Department.
- Zoned for Town Center, offering diverse development opportunities
- Proximity to popular dining and entertainment options; Opportunity to capitalize on the thriving tourism industry
EXECUTIVE SUMMARY
NAI Tahoe Sierra is pleased to present the Emerald Bay Lodge Lake Tahoe. The hotel has 24 rooms including managers unit, outside bar, and a swimming pool across 3 building stories with a Gross Building Area (GBA) of +/-6,628 square feet. The Emerald Bay Lodge Hotel has gone through extensive renovations starting in 2022. The renovations breathe new life into the property, enhancing its appeal and functionality for future guests and patrons. List of Capital Improvements that are completed: New Roof, New interior walls and ceiling finish and paint, New flooring, New interior lighting, New Bathrooms, New entry doors, new keyless locks, new high speed wireless internet and Cable service, Completely new furniture and bedding.
Plans have been submitted for a restaurant and outside bar to the Eldorado Health Department.
Plans have been submitted for a restaurant and outside bar to the Eldorado Health Department.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,480,000 | Building Size | 6,628 SF |
| Price Per Room | $151,304 | No. Rooms | 23 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1958 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.59/1,000 SF |
| Lot Size | 1.00 AC | Corridor | Exterior |
| Zoning | Town Center - Nestled in the heart of the Sierra Nevada mountains, the area offers access to world-class skiing, hiking, water sports, and nearby landmarks. | ||
| Price | $3,480,000 |
| Price Per Room | $151,304 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 6,628 SF |
| No. Rooms | 23 |
| No. Stories | 1 |
| Year Built | 1958 |
| Tenancy | Single |
| Parking Ratio | 1.59/1,000 SF |
| Corridor | Exterior |
| Zoning | Town Center - Nestled in the heart of the Sierra Nevada mountains, the area offers access to world-class skiing, hiking, water sports, and nearby landmarks. |
AMENITIES
- Pool
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 23 | $129.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 023-161-005-000 | Improvements Assessment | $661,012 |
| Land Assessment | $210,318 | Total Assessment | $871,330 |
PROPERTY TAXES
Parcel Number
023-161-005-000
Land Assessment
$210,318
Improvements Assessment
$661,012
Total Assessment
$871,330
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Emerald Bay Lodge | 735 Emerald Bay Rd
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