Lake Tahoe Commercial Real Estate

Lake Tahoe’s 4-Acre Vistana Inn

Lake Tahoe’s 4-Acre Vistana Inn
SOLD

The Vistana Inn is across the street from Lake Tahoe and is comprised of 3.78 acres on 3 separate parcels.  There are lakeviews from most of the property. The Vistana Inn has a private easement across the street to a sandy beach.

The Vistana Inn is an operating 25-unit lodge spread over one of the largest commercial properties on Lake Tahoe’s North Shore.  In addition,  to the 25 standard motel rooms.  There is a two-story cottage; and manager’s residence.  Nine of the units have kitchenettes.  There are three units with fireplaces. The rooms are basic run-of-the-mill quality.   There are on-site laundry facilities.  The plum is a separate one-acre lakeview parcel, fully develop-able.   This is one of the most remarkable real estate opportunities in Lake Tahoe at $1,375,000

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The property is currently operating on a 'maintenance' basis by the owners who own the neighboring Tahoe Sands timeshare resort ...   keeping it open only to maintain operating entitlements.  Gross revenue reporting should not be taken as indicative of potential performance for a property of this size and location.   That said,  this is a property with marginal a FF&E  and operating performance.  It is need of a substantial capital infusion to elevate its potential its highest and best use.   This a virtually unique, one-of-a-kind real estate parcel with a prime location and embedded entitlements.  The property draws fine Tahoe water from two wells.   This property was purchased by the neighboring property for $1.,900,000 in 2003 ... just for the value of its 'Tahoe'  entitlements.

Property Details

Priced at $1,100,000
6549 North Lake Blvd
Tahoe Vista, CA 94148

MLS#: 20102742
Square Feet: 15000
Current Use: Motel / Lodge
Occupants: Gueests
Acres: 3.78
View: Lake
Zoning: Commercial
Plan Area: Tahoe Vista
Parking Spaces: n/a
ADA Status: Pending
BMP Status: Pending
Sewer Status: Pending
Loan Amt: $1,200,000
Gross Income: 230,000
Expenses: 216,000
Net Income: 14,000
Year Built: 1960

Status: SOLD
Sub Status: Short Sale