953 Park Avenue Save Request In-Person Tour Request Virtual Tour
South Lake Tahoe,CA 96150
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,132 sqft
Price per Sqft $506
MLS Listing ID 137122
Year Built 1959
Lot Size 9,148 Sqft
Property Sub-Type Commercial
Property Description
RARE Seller Financing Opportunity!Terms: 3-year term with interest at 6% for Year 1, 8% for Year 2, and 9.7% for Year 3.Exceptional motel property located in one of the best areas of South Lake Tahoe! Just steps from the lake, beaches, casinos, Edgewood Golf Course, and the Heavenly Gondola. Guests can enjoy easy access to summer recreation, world-class skiing, shopping, dining, entertainment, and more, all without ever needing a car.The property features 13 hotel units plus 2 separate living units, offering flexibility and income potential. The upstairs living unit includes a full kitchen, bedroom, and living area, ideal for an owner's unit or conversion to an additional rental suite. Four of the units feature separate bedrooms, and five are spacious king rooms.This turnkey motel is well-maintained and ready for operation, with incredible potential for a savvy buyer to elevate performance and revenue.Major price improvement of $1,000,000, don't miss this rare opportunity in a prime South Lake Tahoe location!
Location
State CA
County El Dorado
Area Stateline
Zoning Commercial
Rooms
Other Rooms Three or More
Interior
Heating Natural Gas
Cooling Natural Gas
Flooring Carpet
Exterior
Exterior Feature Land Included
Utilities Available ElectricityAvailable,NaturalGasAvailable,Cable TV,Telephone
Roof Type Pitched,Shingle
Building
Story Two
Foundation Concrete/Masonry,Basement/Finished