Lake Tahoe Commercial Real Estate

Lake Forest Arts Building … Tahoe City

Lake Forest Arts Building … Tahoe City

This is the home of the thriving Lake Tahoe Dance Academy and apprx six other suites … typically 80% to 90% occupied.  The building is located in the highly-desirable  Lake Forest community … a commercial core close  to Tahoe City which allows for the widest variety of commercial uses … everything from light industrial to multi-family.  Only three miles from the heart of Tahoe City,  walking distance from public lake access, adjacent to the public boat launching ramp and surround by residential neighborhoods.  The building provides an attractive cash flow for a 1031 venture … or is suitable for a wide variety of new ventures: apartments, professional, arts related, school, food/bev and so on.  Anchor tenant dance academy is the ‘seller’ and will vacate to a new location or sign a new market value lease

Property Details

Priced at $675,000
2810 Lake Forest Road
Tahoe City, CA 96145

MLS#: 20150976
Square Feet: 4585
Current Use: Arts Academy /Offices
Occupants: Creative arts
Acres: .39
View: Street
Zoning: muti-uses allowed
Plan Area: Lake Forest
Parking Spaces: 11
ADA Status: unknown
BMP Status: not completed
Sewer Status: compliant
Loan Amt: $275,000
Gross Income: $59,760
Expenses: $29,000
Net Income: 30000
Year Built: 1948

Status: SOLD
Sub Status: Standard