Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
Opportunity for ownership of the prime location on Lake Tahoe in Kings Beach Downtown revival. The project is close to final approvals with the county & state in agreement and support of the project. Architectural plans approved for a 30-unit Hotel with views of the Lake from the rooftop terrace restaurant / bar. 21-hotel rooms and 9-CondoTel units available for sale with short-term rental capability as part of the Hotel. First floor Retail / Restaurant space, three story Hotel and Rooftop Terrace provides the Crown Jewel of the Kings Beach Revitalization Plan. This property is next to the County Beach and is immediately in proximity to the proposed and approved Ferry Landing Dock - walk from the Hotel to the Beach or the Ferry to the Nevada-side for all the amenities from the Casinos. Recent Hotel property purchases highlights & brings the value of this project to the forefront - a unique location and the ability to build it to a contemporary style and amenities. A State / County agreement to provide a revenue stream through a TOT fees rebate provides a measure of confidence that this is a win-win-win opportunity for the right investment group...
Features & Amenities
Interior
-
Total Bedrooms
N/A
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Bathrooms
N/A
Exterior
-
Garage
No
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Pool
No
Area & Lot
-
Lot Features
Corner Lot
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Lot Size(acres)
0.6324
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Property Type
Commercial Sale
Price
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Sales Price
$12,000,000
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Sq. Footage
N/A
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Price/SqFt
N/A
HOA
-
Association
No
School District
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Elementary School
N/A
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Middle School
N/A
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High School
N/A
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Location
County
Placer
Elementary School
Middle School
High School
Listing Courtesy of Will Doerlich , Realty ONE Group TODAY
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