960 Emerald Bay Rd
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960 Emerald Bay Rd
8,896 SF 86% Leased Retail Building South Lake Tahoe, CA 96150 £2,333,213 (£262.28/SF) 5.18% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Pet Supermarket anchored retail/office building
- Situated at the busy intersection of the "Y" area in South Lake Tahoe considered the gateway to town
- Prime location in South Lake Tahoe area
- 8,896 SF building including seven (7) units
- Zoned TC for versatile retail use
- Excellent visibility and access for retail businesses
EXECUTIVE SUMMARY
NAI Tahoe Sierra is pleased to announce the leased investment offering of 960 Emerald Bay Road South Lake Tahoe, CA. The subject property is +/-8,896 SF building, comprised of 7 units, and is anchored by Pet Supermarket. The second floor is comprised of six (6) individual small office units which are in demand in the South Lake Tahoe market. The property was built in 1964 and zoned TC, this property offers a versatile space suitable for a range of retail ventures. The prime location of being located at the busy intersection of the "Y" in the South Lake Tahoe area further enhances the property's appeal, promising excellent visibility and access for retail and office businesses. This property presents an attractive prospect for investors seeking a solid commercial asset with the potential for long-term growth and success in the Tahoe commercial market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,896 SF
Building Class
C
Year Built
1964
Price
£2,333,213
Price Per SF
£262.28
Net Initial Yield
5.18%
NOI
£120,813
Percent Leased
86%
Tenancy
Multiple
Number of Floors
2
Slab to Slab
9 ft
Building FAR
0.25
Lot Size
0.82 AC
Zoning
TC - Located in South Lake Tahoe vibrant community with a population of residents and visitors who love to hike, bike, SUP, swim, kayak, ski, and board.
Parking
10 Spaces (1.12 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 6&7
- 700 SF
- Office
- -
- Now
- 3 - Available 2/1/25
- 288 SF
- Retail
- -
- Now
- 4
- 500 SF
- Retail
- -
- 120 Days
| Space | Size | Space Use | Position | Available |
| 6&7 | 700 SF | Office | - | Now |
| 3 - Available 2/1/25 | 288 SF | Retail | - | Now |
| 4 | 500 SF | Retail | - | 120 Days |
6&7
| Size |
| 700 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
3 - Available 2/1/25
| Size |
| 288 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
4
| Size |
| 500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 120 Days |
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 023-522-012-000 | Improvements Assessment | £895,491 |
| Land Assessment | £300,040 | Total Assessment | £1,195,530 |
PROPERTY TAXES
Parcel Number
023-522-012-000
Land Assessment
£300,040
Improvements Assessment
£895,491
Total Assessment
£1,195,530
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960 Emerald Bay Rd
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