CA > South Lake Tahoe
South Lake Tahoe, CA 96150,953 Park Avenue
South Lake Tahoe, CA 96150,953 Park Avenue
South Lake Tahoe, CA 96150,953 Park Avenue
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Jim Amen

Jim Amen

+1(916) 718-8604
$2,600,000
Est. payment /mo
5,132 SqFt
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UPDATED:

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

Acres 0.21

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

Others

Ownership Fee Simple

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Listed by RE/MAX Gold - SLT

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Jim Amen

Jim Amen

+1(916) 718-8604

Broker | CA DRE#01841461

Broker CA DRE#01841461

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