Remarks

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. A State / County agreement to provide a revenue stream through a TOT fees rebate provides a measure of confidence that this is a win-win-win opportunity for the right investment group... Disclosures IO / Homelight link provide details of architectural, floor plans and surrounding area plans for the Kings Beach community. Conference call available for initial conversation regarding next level details. Investment Group and Planning Consultant lead available for a call for in-depth information exchange. The collaboration with the State of California and Placer County provides a path to success for this ambitious project.

Details

MLS#: 20250028
Price: $12,000,000

Style: Commercial

County: Placer
Lot Size: 150x125