$2,050,000
$2,095,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
8393 North Lake Boulevard Kings Beach, CA 96143
6,614 SqFt
Key Details
Sold Price $2,050,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,614 sqft
Price per Sqft $309
MLS Listing ID 20181193
Year Built 1958
Lot Size 0.388 Acres
Property Description
An excellent investment with substantial value- add potential, in Kings Beach Lake Tahoe, a world class destination! The KING'S CENTER is located across from the Kings Beach State Recreation Area, one of the best beaches on Lake Tahoe. This location offers premium frontage exposure. 100% occupied ~ Gross rent roll is $154,800.00 annually. Priced at approximately 6%+ cap rate with a NOI - $131,000. Front residence with amazing lake views is a beautifully remodeled one bedroom, one bath home.
Location
State CA
County Placer
Community North Laketahoe
Area Brockway Vista-1So
Zoning mixed use
Exterior
Garage Black Top
Garage Spaces 29.0
View Lake
Building
Lot Description STREET
Story 2
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Bought with David Bruening • Bruening Associates RE