$ 3,975,000
8345 Trout Avenue Kings Beach, CA 96143
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$ 3,975,000
Est. payment /mo
Active
8345 Trout Avenue Kings Beach, CA 96143
1,000 SqFt
UPDATED:
04/17/2024 07:23 PM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $3,975
MLS Listing ID 20240407
Year Built 1959
Lot Size 0.930 Acres
Acres 0.93
Property Description
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!
Location
State CA
County Placer
Community North Laketahoe
Area Brockway Vista-1So
Exterior
Garage Spaces 29.0
View Wooded
Topography Level
Building
Lot Description COMMON AREA
Story OTHER
Listed by Alex Min • Sierra Sotheby's Int Realty TC