Lake Tahoe Commercial Real Estate

SYD’s Bagelry and Espresso … Tahoe City’s Iconic Coffee House and Bagelry .. A Business Opportunity

SYD’s Bagelry and Espresso  … Tahoe City’s Iconic Coffee House and Bagelry .. A Business Opportunity
SOLD

SYD’s BAGELRY  and ESPRESSO, Inc   A Business Opportunity…  In the Heart of Tahoe City

“Where Tahoe Locals Start Their day in Paradise”

“ SYD’s” is located on the lakeside of Tahoe City’s ‘main street” with prime street frontage and a lakeview patio adjacent the popular Commons Beach.

SYD’s serve custom roasted coffee from Hub Coffee Roasters    Syd’s Coffee from Hub Roasters   click here

The store floor is apprx 1000 sq.ft. with seats 42 inside and apprx 25 on a prime lakeview seasonal patio

Fully remodeled interior since 2002; espresso machines upgraded every three years

There is a secure and reasonable lease with three five year options at the end of the current term:

Base Rent: $3,085 p/mo plus NNN pro-rations;   apprx 7 % of gross revenues

Syd’s is North Lake Tahoe’s go-to coffee and bagel eatery well-known among locals and Bay Area visitors … but the menu touches all the bases with creative lunches and a popular smoothie menu

A secure and exciting business on the cutting edge of the emerging coffee revolution aka the ‘third wave’ … it happened in the wine industry, then beer, and now boutique roasters are introducing coffee to its own ‘third wave’   Folgers to Starbucks to the new cutting edge roasters

Tahoe City itself is on the cusp of its ‘new wave’ … a new boutique hotel, a new future for the golf course, the re-opening of the Lighthouse Shopping Center, the new by-pass and round-a-bouts

< This is a Business Opportunity with a strong lease  … does not include real estate >

 

Property Details

Priced at $269,000
550 North Lake Blvd
Tahoe City , CA 96145

MLS#: waived
Square Feet: 1100
Current Use: Coffe House
Occupants: n/a
Acres: n/a
View: Prime Lakeview
Zoning: Comm
Plan Area: Tahoe City
Parking Spaces: public
ADA Status: Compliant
BMP Status: n/a to tenant
Sewer Status: n/a to tenant
Loan Amt: n/a
Gross Income: $589,366
Expenses: 458,425
Net Income: 130,941
Year Built: 1994

Status: SOLD
Sub Status: Standard