8345 Trout Avenue, Kings Beach, California

$3,975,000

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0.93

Acres

About 8345 Trout Avenue

12 Unit Mobile Home park, with 9 Additional "Tiny Home" sites Application in Progress, steps away from the sandy beaches of Kings Beach State Beach Recreation Area. Currently there are 12 units, 5 of which are almost brand new and 2 have been extensively remodeled. Sellers are finalizing the 9 additional units/sites with the local governing agencies. TRPA has recently up zoned the site to have up to 100% Coverage and 65’ height for Affordable Housing Units that will be limited to 80% AMI. AMI for the County is $82,000. Rental Rates can be set close to Market Rate. Excellent opportunity for investment as well as future development with 2 level and sunny parcels, totaling 40,000 Square Feet just under an Acre (.93) in the Mixed Use Mountain Town Center. Central location one block off of the main street of Kings Beach, where you will find gorgeous sandy beaches, public pier and park areas, seasonal boat launch, basketball courts, dining, shopping, nightlife. Located to a transportation corridor with Free Transportation provided by Tahoe Area Regional Transit in all Directions around the Lake. Site is also served by the FREE TART Connect On Demand UBER Style Shuttle Service. Nearby Major Ultra High End Developments of Frank Sinatra's previously owned casino, The Cal Neva, now owned by Proper Hotels and the old Tahoe Biltmore Casino now under the Waldorf Astoria Flag, the area of Kings Beach is poised to once again be the hub of the North Shore. These developments, along with multiple other downtown projects, make this property an excellent option for investors that love the Tahoe Region and want to contribute to area development. Previous local projects include the newly constructed 77 UNIT Class A Luxury Affordable Housing Building on 204 Chipmunk St. and Lake Boulevard. (Photo of the Domas Building included in pictures), which have led the way for developers to create employee housing and local housing, which is a much needed amenity that the area needs. Other options for the site include micro home communities, tiny homes, hotels/motels, commercial, and more. This area of Lake Tahoe is on the precipice of revitalization and modernization and this is your chance to get in early on the Renaissance of this famed town!

Features of 8345 Trout Avenue

MLS® # 20240407
Price $3,975,000
Acres 0.93
Year Built 1959
Type Commercial/industrial
Sub-Type Commercial
Status Active

Community Information

Address 8345 Trout Avenue
Area Brockway Vista-1so
Subdivision North LakeTahoe
City Kings Beach
County Placer
State California
Zip Code 96143

Amenities

Parking Spaces 10
View Wooded

Interior

Stories OTHER

Additional Information

Date Listed March 28th, 2024
Days on Market 53
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSierra Sotheby's Int Realty TC

Listing Map

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