Lake Tahoe Commercial Real Estate

Extraordinary Commercial Opportunity in North Lake Tahoe

Extraordinary Commercial Opportunity in North Lake Tahoe

In the heart of Tahoe City the Peppertree Inn is one of the most iconic landmarks in North Lake Tahoe. Built in anticipation of the 1960 Olympics to height of seven stories … unique as the largest single-use commercial building in Tahoe City … the Peppertree Inn is the lodging centerpiece in Tahoe City, the North Shore’s signature community. This a location has been coveted by development interests and lodging enterprises for decades. Owned by the same family since 1979, the Peppertree is now for sale. It is priced attractively and consistent with its financial performance, stunning lake views and central location.  

  • The Peppertree Inn offers a bed-and-breakfast format
  • There is cozy breakfast room served by a friendly, dedicated staff
  • 44 rooms for all budgets from standard to deluxe prime views
  • The second floor is a ‘shell’ ready for development; ex: conf. facility
  • There are 6 additional rooms allocated providing a 50-room potential
  • There is well-maintained ADA-compliant pool
  • Underground parking is a completely unique amenity on the North Shore
  • The Peppertree offers the highest room count among its local competition
  • Panoramic lake views are unmatched by any lodge on Tahoe’s North Shore
  • The Peppertree has lucrative cell tower leases with AT&T, Sprint, T-Mobile,Verizon

Property Details

Priced at 6,000,000
645 North Lake Blvd
Tahoe City, CA 96145

MLS#: 20190834
Square Feet: 18609
Current Use: Hotel
Occupants: Guests
Acres: .55
View: Panoramic lakeview
Zoning: Commercial
Plan Area: Tahoe City
Parking Spaces: 43
ADA Status: Compliant
BMP Status: Compliant
Sewer Status: Coming
Loan Amt: n/a
Gross Income: 1,200,000
Expenses: 649,000
Net Income: 298,000
Year Built: 1959

Status: SOLD
Sub Status: Standard