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965 Park Ave 0.49 Acres of Commercial Land Offered at $1,995,000 in South Lake Tahoe, CA 96150
INVESTMENT HIGHLIGHTS
- +/- 21,220 sq. ft. developable parcel in the Tourist Core Area
- Situated in an Opportunity Zone created by the recently passed Tax Cuts and Jobs Act on December 22, 2017
- 21 TAUs with +/-15,657 sq. ft. of existing coverage.
- Mixed use zoning allows for 15,657 sf total existing Class 7 coverage
EXECUTIVE SUMMARY
A +/- 21,220 sq. ft. parcel situated in the Tourist Core Area of South Lake Tahoe and in the heart of the tourist zone. Mixed use zoning allows for 15,657 sf total existing Class 7 coverage 21 TAU (Tourist Accommodation Units); +/-1,088 sf total existing RUU Floor Area.
South Lake Tahoe is a vibrant mountain community with a population of residents and visitors who love to hike, bike, SUP, swim, kayak, ski, and board. Lake Tahoe’s South Shore is in the midst of a revival — old motels are transforming into trendy lodgings, a growing craft brewery scene has emerged, new restaurants are on the rise, and hundreds of luxury condos are set to hit the market. Technology is attracting business owners and workers who are devoted to fostering a unique, active lifestyle revolving around the Sierra Nevada mountains and the largest alpine lake in North America — an unparalleled combination that has people calling South Lake Tahoe the outdoor capital of the world.
South Lake Tahoe is a vibrant mountain community with a population of residents and visitors who love to hike, bike, SUP, swim, kayak, ski, and board. Lake Tahoe’s South Shore is in the midst of a revival — old motels are transforming into trendy lodgings, a growing craft brewery scene has emerged, new restaurants are on the rise, and hundreds of luxury condos are set to hit the market. Technology is attracting business owners and workers who are devoted to fostering a unique, active lifestyle revolving around the Sierra Nevada mountains and the largest alpine lake in North America — an unparalleled combination that has people calling South Lake Tahoe the outdoor capital of the world.
PROPERTY FACTS
| Price | $1,995,000 | Proposed Use | |
| Sale Type | Investment or Owner User | Total Lot Size | 0.49 AC |
| No. Lots | 1 | No. Stories | 2 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | TC | ||
| Price | $1,995,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.49 AC |
| No. Stories | 2 |
| Opportunity Zone |
Yes |
| Zoning | TC |
1 LOT AVAILABLE
Lot
| Price | $1,995,000 | Lot Size | 0.49 AC |
| Price Per AC | $4,071,428.57 |
| Price | $1,995,000 |
| Price Per AC | $4,071,428.57 |
| Lot Size | 0.49 AC |
Situated in an Opportunity Zone created by the recently passed Tax Cuts and Jobs Act on December 22, 2017.
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 029-064-007-000 | Improvements Assessment | $118,377 |
| Land Assessment | $236,756 | Total Assessment | $355,133 |
PROPERTY TAXES
Parcel Number
029-064-007-000
Land Assessment
$236,756
Improvements Assessment
$118,377
Total Assessment
$355,133
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