968 Park Ave | South Lake Tahoe, CA 96150
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- LoopNet Team
968 Park Ave
South Lake Tahoe, CA 96150
Tahoe Blue Hotel · Hospitality Property For Sale
·
23,626 SF
INVESTMENT HIGHLIGHTS
- Value-add opportunity to acquire one of South Lake Tahoe's only limited service interior corridor hotels offered at $150k/key.
- Offering includes 58 keys on +/-0.83 acres in South Lake Tahoe's Tourist Corridor which as well is in a federally designated Opportunity Zone.
- Tahoe Blue meeting room is a 900-square-foot meeting space, which accommodates 50 and features a built-in bar made from reclaimed materials.
- Pricing comes in below any competing property comparable on a per/key basis.
- Property includes private and secluded pool and ample surface parking.
- Property can be sold together with Park Tahoe Inn to give a potential buyer the opportunity to acquire 167 keys on +/-2.55 acres
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1975/2008 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.83 AC | Parking Ratio | 2.33/1,000 SF |
| Building Size | 23,626 SF | Corridor | Interior |
| Zoning | TC | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 23,626 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1975/2008 |
| Tenancy | Single |
| Parking Ratio | 2.33/1,000 SF |
| Corridor | Interior |
| Zoning | TC |
AMENITIES
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 029-083-020-000 | Improvements Assessment | $4,569,600 |
| Land Assessment | $1,938,000 | Total Assessment | $6,507,600 |
PROPERTY TAXES
Parcel Number
029-083-020-000
Land Assessment
$1,938,000
Improvements Assessment
$4,569,600
Total Assessment
$6,507,600
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