8602 North Lake Boulevard, Kings Beach, California

$12,000,000

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0.63

Acres

About 8602 North Lake Boulevard

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...

Features of 8602 North Lake Boulevard

MLS® # 20241238
Price $12,000,000
Acres 0.63
Type Lots/land
Sub-Type Commercial
Status Active

Community Information

Address 8602 North Lake Boulevard
Area One North Unnamed-1nr
Subdivision North LakeTahoe
City Kings Beach
State California
Zip Code 96143

Amenities

Has Pool No

Exterior

Lot Description 150x228

Additional Information

Date Listed June 24th, 2024
Days on Market 24
Zoning Commercial
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX Gold - Kings Beach

Listing Map

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