Lakeview Plaza

Discover the allure of South Lake Tahoe, where the natural beauty of the Sierra Nevada mountains meets the vibrant energy of a year-round destination. Nestled in the heart of this dynamic locale, the property offers proximity to renowned attractions such as Heavenly Mountain Resort, Edgewood Tahoe Golf Course, and the bustling South Lake Tahoe downtown area. With a wealth of outdoor activities, fine dining options, and a thriving arts and culture scene, the area presents a compelling opportunity for office and office building investors seeking a strategic location with unparalleled appeal. The blend of recreational amenities and business potential makes this an ideal investment opportunity in a sought-after destination.Property Overview Lakeview Plaza is a premier commercial retail center including twelve (12) retail units, spanning approximately 14,600 square feet, and strategically located on a +/-1.27 acre parcel across from the picturesque shores of Lake Tahoe. The subject property is situated in a high-traffic area with stunning lake views, All twelve units are currently occupied, ensuring steady cash flow from day one. The tenant mix includes a diverse range of services and dining options, contributing to the center’s strong customer draw.. Redevelopment Potential Lakeview Plaza presents a compelling redevelopment opportunity. All existing leases are below market rates and based on their usable square footage offering substantial upside potential upon renewal, re-leasing, and/or leasing up. Each lease includes a termination on sale clause, providing investors with the flexibility to reposition the property immediately upon acquisition. Property size would convert into approximately 48 Residential Units of Use (RUU) or Tourist Accommodation Units (TAU) and up to 72 Multifamily Units of Use (MFERUU). Current zoning allows for up to 40 hotel units and 15 multi-family units per acre. Additionally, a pending city amendment could increase this to 65 multi-family units per acre, anticipated to be finalized by Fall 2025.