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Bobby Kelley

bobbykelley@compass.com +1(650) 885-8383

$ 1,488,000

Est. payment | -/mo

4,220 SqFt

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$ 1,488,000

Est. payment | -/mo

Save

4,220 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,220 sqft

Price per Sqft $352

MLS Listing ID 141952

Year Built 1951

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type Commercial

Property Description

Multi-Tenant Commercial Property with Stable Income, Rare Well, and Development FlexibilityPositioned on a prominent half-acre parcel within South Lake Tahoe's Tahoe Valley Area Plan, this three-building commercial property offers long-term tenancy, strong income, and future upside. Currently occupied by two stable tenants across retail, industrial, and storage uses, the site also includes a rare private well, offering significant utility cost savings.The primary structure is approximately 3,895 square feet and occupied by Pet Station, a well-established regional retailer. The lower level is dedicated to their pet supply storefront, while the second floor includes dog wash bays, private offices, storage, and a full bathroomallowing for flexible future use as office, grooming, professional services, or potential wellness operations. As part of their lease, Pet Station also utilizes a detached 536-square-foot storage building on the property.The second tenant, a commercial laundry operator, occupies a 1,116-square-foot structure ideal for service-based or light industrial use. Extensive on-site parking supports all tenants, with ample room for customers, staff, or future delivery and fleet vehicles.Located within the Tahoe Valley Area Plan (TVAP), the property benefits from zoning that supports a broad range of uses including general retail, office, industrial services, light manufacturing, and mixed-use development. TVAP also streamlines the permitting process and encourages reinvestment, adaptive reuse, and improved pedestrian access along commercial corridors.With existing leases in place, the property delivers a solid 5.8% cap rate, offering immediate income stability and long-term investment potential. Future rent adjustments and development flexibility provide additional upside for investors or owner-users.This is a rare opportunity to acquire a well-located, multi-building income property with strong fundamentals, essential infrastructure, and embedded growth potential in a high-barrier-to-entry market.

Location

State CA

County El Dorado

Area Y Area

Zoning Commercial

Rooms

Other Rooms Three or More

Interior

Heating Natural Gas, Wall or Space Heater, Forced Air

Cooling Natural Gas, Wall or Space Heater, Forced Air

Flooring Tile, Concrete

Exterior

Exterior Feature Storage Shed

Utilities Available ElectricityAvailable, NaturalGasAvailable, Cable TV, Telephone, Well - Private

Roof Type Pitched,Other

Building

Story Two

Foundation Slab

Others

Ownership Fee Simple

Miscellaneous Display Windows,Shelving

Listed by Compass

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(650) 885-8383

bobbykelley@compass.com

891 Beach St, San Francisco, CA 94109, USA

2205 Lake Tahoe Boulevard South Lake Tahoe, CA 96150

Bobby Kelley

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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2205 Lake Tahoe Boulevard