Listing ID222097108
Price$20,000,000
StatusActive
SqFt
44,815
Acres
4.030
CountyEl Dorado
Year Built1976
Property TypeCommercial Sale
Property Sub TypeHotel-Motel
Lake Tahoe is the jewel of the Sierras! A rare opportunity is being offered. 143 room motel on Lake Tahoe Blvd (U.S.Hwy 50) currently leased/operated by Motel 6. Plus 4,000+ sqft free standing restaurant. All on 4+ acres. Lots of options for this venture. Pure investment option of leasing to an operator or enjoy being the owner/operator and seize the opportunity to invest and live in the all season paradise that is Lake Tahoe. Potential abounds: maintain as affordable motel operation, upgrade the facility or it even has a potential for development as Work Force Housing. Outstanding exposure on Lake Tahoe Blvd (Highway 50).
County
El Dorado
Year Built
1976
Building Features
Manager's Office, Reception Area, Restroom(s)-Private, Individual Thermostat Control
Cooling
Central, Ductless, Wall Unit(s)
Floor Number
2
Flooring
Varies by Unit
Heating
Central, Ductless
Levels
See Remarks, Other
Space 1 - Unit SqFt
40000
Space 2 - Unit SqFt
4000
Square Footage Source
Appraiser
Stories
2
Walls
Sheetrock
Construction Materials
Stucco, Wood
Electric
200 to 400 Amp Service, 220 Volts, Separate Electric Meter
Foundation
Slab, Concrete
Lot Features
Sidewalk/Curb/Gutter, Greenbelt, Other
Lot Size Dimensions
741x257x687x246
Lot Size Source
Assessor Auto-Fill
Lot Size Square Feet
175547
Number Of Buildings
3
Parking Features
Open, Private, Uncovered, Lighted
Road Frontage
Highway Exposure, Highway Frontage
Roof
Flat
Sewer
Public Sewer
Structure
Detached
Total Parking Spaces
175
Total Units
143
Utilities
Separate Gas Meter, Separate Water Meter, Underground Utilities, Internet Available
Water Source
Public
Area/District
13301
Building Name
Motel 6 + Restaurant--- 3 buildings
Directions to Property
Highway 50 just west of Upper Truckee River Bridge.
Location
Airport Nearby, Public Transportation Nearby, Restaurant Nearby, Shopping Nearby, See Remarks
Zoning
GC
APN
031-290-039-000
Business Type
Restaurant, Other
Census Tract
304.03
Current Use
Other
Loading
None
Property Condition
Updated/Remodeled, Exterior-Good, Interior-Good, See Remarks
Property Disclaimer
All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Copyright © 2023, MetroList Services, Inc. Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList® MLS & Broker Participants of any MLS with a current reciprocal agreement with MetroList® that provides for such offers of compensation.
Signs
Yes
Year Built Source
Assessor Auto-Fill
County Transfer Tax Rate
1.1
Income Includes
See Remarks
Special Listing Conditions
Other
Tenant Pays
Common Area Maintenance, Pool Maintenance, Sewer, Electricity, Taxes, Trash Collection, Grounds Care, Water, Insurance
A "V" next to any listing's price indicates that that the seller is willing to entertain offers within the Listing Price range. For example, a Price Range of $140,000-170,000 indicates the seller will entertain offers from $140,000 to $170,000. An "M" or an "S" next to any listing's price indicates that the terms of the listing agreement state that the Broker will not be providing any of a number of customary services. the offer of compensation is made only to Participants of MLS where the subject listing is filed and in accordance with such MLS's regulations or rules
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