Lake Tahoe Commercial Real Estate

Lake Forest Storage / Apts / Commercial 1.2 Acres

Lake Forest Storage / Apts / Commercial 1.2 Acres
SOLD

Remarkable commercial property on Lake Forest Rd; historically the Snyder Lumber Property … has been significantly re-priced to provide attractive ROI. Over one acre on four lots (intersected by Hillcrest ext.) Three existing and verified residential units; 9500 sq.ft. + verified Commercial Flr Area, 15 Storage, one commercial shop, three residential units – all generating cash flow. This property was mapped by Sagan Design for mini-storage for apprx 28 units and additional sq ft for 5 to 10 comm units.

Referred to as the Snyder Lumber property has covered every advisable ‘base’ in documenting a commercial development :

  1. TRPA COVERAGE VERIFICATION

a. the property has 30,027 of verified coverage on three parcels with a combined square footage of 43,644

b. and 3,604 of verified coverage on the fourth parcel (lots 17A and 18A) on 7,429  total square feet

  1. the coverage is a combination of hard and soft designations
  2. TRPA VERIFICATION OF COMMERCIAL FLOOR AREA
  3. the combined CFA is 9,643, primarily on the the parcels fronting Lake Forest Road
  4. RESIDENTIAL UNITS OF USE
  5. 3 existing residential units; two on 17A and 18A;  one on  93-041-05

 

In addition the property is located in the Lake Forest Plan Area 009A   and appears from the map to be in the Special Area 2 sub-plan area allowing light industrial uses … and for our purposes storage facilities.

The site area is 51,000 sq.ft. which is about 15% greater than an acre.

 

Property Details

Priced at $995,000
2875,2985 Lake Forest Rd
Tahoe City, CA 96145

MLS#: 93-041-004,5,6
Square Feet: 12846
Current Use: Storage, Apts, Commericial
Occupants: Local contractors
Acres: 1.2
View: Street
Zoning: Light Industrial, Commercial, Residential
Plan Area: Lake Forest
Parking Spaces: n/a
ADA Status: non-compliant
BMP Status: non-compliant
Sewer Status: Compliant at Close of Escrow
Loan Amt: n/a
Gross Income: $106,620
Expenses: 40,239
Net Income: 55.719
Year Built: n/a

Status: SOLD
Sub Status: Standard