Sold
2375 Lake Tahoe Boulevard
South Lake Tahoe CA, 96150
$14,000,000
$489.37 per sqft
Sold
28,608 sqft
Commercial
Built in 1976
Located on the South Shore of Lake Tahoe and situated on over 4-acres of prime Hwy 50 frontage, this legacy property offers a rare assemblage of investment opportunities. Sitting across from picturesque Johnson Meadow and adjacent to the Upper Truckee River, Motel 6 has enjoyed this serene location for decades as a storied mountain getaway. 24,000-sf of space is spread across 2 massive 2-story buildings with 143 rooms and a large outdoor pool. Adjacent and included with the purchase is a 4,000-sf building that was host to former restaurants. The property is in the Tahoe Valley Area Plan and zoning is Town Center Mixed-Use Corridor. This allows for an assortment of uses from continuing as a hotel, multi-family residential conversion or complete redevelopment to a mixed-use project that could include ground-floor commercial with either condominiums, apartments, or tourist accommodations above. Although currently unverified, due to the age of the structure as it relates to the TRPA, it is likely the property contains over 100,000-sf of Class 1b coverage, 143+ Tourist Accommodations Unit's and thousands of sf of Commercial Floor Area. Being sold separately is the adjacent property at 940 Sunset Dr. Currently zoned for Conservation, this rare parcel includes 24-acres of the Upper Truckee River and neighboring meadow, as well as a 3.5-acre building site that is currently home to a small cabin and 2-car garage. With 30% coverage, the base allowable coverage on this portion of the parcel is 39,060-sf. This is the first time these 2 properties will change ownership since the Johnson Family acquired them back in the 1800's.
139385
MLSⓇ ID
September 12, 2023
Listed
March 30, 2024
Updated
Map
2375 Lake Tahoe Boulevard
South Lake Tahoe CA, 96150
Interior Features
Total Stories
2
Floor Description
Carpet, Tile, Concrete
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas, Electric, Wall or Space Heater, Central Refrig A/C, Forced Air
Exterior/Building Features
Lot Size
4.03 Acres
Exterior Features
Barn/Outbuildings
Roof
Asphalt, Composition
Other Property Details
Area Name
Tahoe Island Park
Days on Market
199
Garage
No
View
No
County
El Dorado
Pool
No
Zoning
Commercial
Buyer Agency Compensation
1.25%
Listing History
Date | Event | Price |
---|---|---|
3/29/2024 | Sold | $14,000,000 |
Listed by Compass, Mark A Salmon,
Listing Contact: 530-318-7637
Based on information from the South Tahoe Association of REALTORS® MLS as of 1:12 AM UTC, 3/30/2024. 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Gregory Ochoa | CA DRE# 01725318 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 South Tahoe Board of REALTORS®. All rights reserved.
Data last updated 1:12 AM UTC, 3/30/2024