8602 North Lake Blvd

Kings Beach, CA 96143

$12,000,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

calendar_month Built

Property Description

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. And, a State / county agreement to provide a revenue stream through a TOT fees rebate and land transfer provide a measure of confidence that this is a win-win-win opportunity for the right investment group...

Listing Information

List Price $12,000,000
Status Active
MLS 41062150
HOA $0
Type Commercial
Lot Size 27,548
Structure Size N/A
DOM 69
Courtesy Of Realty ONE Group TODAY
Listing Agent Will Doerlich DRE#00597229

Interior Features

Total Bedroom
Bedrooms N/A

Exterior Information

Maps

Listing information courtesy of: Will Doerlich, Realty ONE Group TODAY . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:40 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.