Investment Overview

The subject property, 812 Emerald Bay Road is a one-of-a-kind asset located near “The Y” in South Lake Tahoe. It is currently 96% occupied by a physical therapist, and a swimming instructor who utilizes the indoor pool. The in-place rents are below market, and there is further upside through leasing the vacant private office suite. The building was constructed in 1997, and sits on a 0.36-acre parcel with ample parking. The site has flexible “General Commercial Zoning”, and ample parking for a range of uses. There is even an indoor pool, which serves for not only indoor swimming lessons but also has helped rehabilitate physical therapy patients. The heated pool creates a unique draw to both tenants and customers alike. The Property is located just 0.4 miles north of “The Y” (the intersection of Highway 89 and Highway 50) in South Lake Tahoe, and has frontage along Highway 89 (also known as Emerald Bay Road). It enjoys ingress and egress from both Highway 89 and Roger Avenue. Being located so close to “The Y” provides the advantage of easy access to and from a wide range of potential customers. Offered at $980,000 and a $398.70 per square-foot, this property is one that almost certainly will not be replicated; certainly not at this price. The modern high quality construction with an indoor pool, combined with the excellent location, create an incredibly unique property at an attractive price point.