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$5,790,000
1072 Ski Run Boulevard South Lake Tahoe, CA 96150
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$5,790,000
Est. payment /mo
9,600 SqFt
UPDATED:
11/01/2024 07:22 PM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,600 sqft
Price per Sqft $603
MLS Listing ID 140942
Year Built 1969
Lot Size 0.570 Acres
Acres 0.57
Property Description
Welcome to Alder Inn, a boutique hotel near Lake Tahoe's South Shore, and Heavenly Mountain Ski Resort. Offered at $5.79M with an actual CapRate of 9% and a supporting ProForma Cap of 11%+. We have additional financials, photos, and STR reports available to any qualified buyer upon request.Spanning 9,600 square feet, Alder Inn boasts 26 updated units. The layout includes 12 Single Kings, 5 Single Queens, 6 Double Queens, and 1 ADA accessible Single Queen. Additionally, a versatile Manager's Unit offers potential for future rental either as a spacious 3-bedroom, 2.5-bathroom unit or two separate units, adding to its functionality.Alder Inn has recent upgrades including: new TVs in 15 rooms, stylish flooring renovations, and air conditioning in all upstairs units. The manager's unit features a new deck, and the property boasts an upgraded lawn area perfect for summer activities.Alder Inn is a turn-key operation, active on major booking platforms, ensuring a smooth transition for new owners looking to manage and grow this thriving business.Value Add Opportunities: Reimagine the pool and spa area, create a lively space for guest to enjoy outdoors, expanding on the already existing resort feel of the property.Discover the Alder Inn, a unique investment opportunity that stands out in the hospitality market for its perfect mix of location, varied accommodations, recent upgrades, solid financials, and operational readiness.
Location
State CA
County El Dorado
Area Stateline
Zoning Commercial
Rooms
Other Rooms Three or More
Interior
Heating Natural Gas
Cooling Natural Gas
Flooring Carpet, Wood
Exterior
Utilities Available ElectricityAvailable, City Sewer, NaturalGasAvailable, Septic, Cable TV, City Water
Roof Type Composition
Building
Story Two
Foundation Slab
Others
Ownership Fee Simple
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Listed by Compass
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