8345 Trout Avenue, Kings Beach, California

About 8345 Trout Avenue

8345 Trout Ave is a twelve (12) unit Mobile Home Community with the ability to add an additional nine (9) units for a twenty-one (21) unit mobile home park. The opportunity presents a great value-add offering in the heart of Kings Beach, CA. The property comprises two flat parcels totaling .93 of an acre in the "Mixed-Use Mountain Town Center" just a one minute walk to Kings Beach State Beach and Recreation Area. Trout Avenue serves as a central hub of Kings Beach and the greater "North Shore" perfectly positioned for very needed employee housing. Zoned MU-MTC: the property includes use types ranging from hotels, motels, timeshare facilities, and other transient development units as well as retail. Operators can greatly increase returns by improving the sites for an estimated $400,000 to add another nine (9) spaces and units which are in the approval process. Kings Beach and Lake Tahoe in whole are seeing a recent renaissance with the adoption of the Bi-State regional planning allowing for a more favorable development environment then years past. Within the North Shore Region recent development announcements include the Waldorf at Tahoe Biltmore, Proper Hotels on Cal Neva, Evo Campus and Lake Tahoe Lodge in Tahoe City. Employee housing is a critical need setting up the subject property to be a critical high demand piece of approvals for the larger developments in the area.

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