2205 Lake Tahoe Boulevard Active Save Request In-Person Tour Request Virtual Tour
South Lake Tahoe,CA 96150
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,220 sqft
Price per Sqft $376
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