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Listed by Will Doerlich • Realty ONE Group TODAY
$12,000,000
Est. payment /mo
27,548 SqFt
UPDATED:
12/13/2024 04:35 AM
Key Details
Property Type Commercial
Sub Type Comm Lots and Land
Listing Status Active
Purchase Type For Sale
Square Footage 27,548 sqft
Price per Sqft $435
MLS Listing ID 41062150
HOA Y/N No
Originating Board BAY EAST
Lot Size 0.632 Acres
Property Sub-Type Comm Lots and Land
Property Description
Opportunity for ownership of the prime location on Lake Tahoe in Kings Beach Downtown revival. The project is close to final approvals with the county & state in agreement and support of the project. Architectural plans approved for a 30-unit Hotel with views of the Lake from the rooftop terrace restaurant / bar. 21-hotel rooms and 9-CondoTel units available for sale with short-term rental capability as part of the Hotel. First floor Retail / Restaurant space, three story Hotel and Rooftop Terrace provides the Crown Jewel of the Kings Beach Revitalization Plan. This property is next to the County Beach and is immediately in proximity to the proposed and approved Ferry Landing Dock - walk from the Hotel to the Beach or the Ferry to the Nevada-side for all the amenities from the Casinos. Recent Hotel property purchases highlights & brings the value of this project to the forefront - a unique location and the ability to build it to a contemporary style and amenities. A State / County agreement to provide a revenue stream through a TOT fees rebate provides a measure of confidence that this is a win-win-win opportunity for the right investment group...
Location
State CA
County Placer
Interior
Fireplace No
Building
Lot Description Corner Lot, Premium Lot, See Remarks
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