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1150 Melba Drive South Lake Tahoe CA 96150 | 132847

1150 Melba Drive
South Lake Tahoe, CA, 96150
$1,150,000
Beds
Baths
2,461 SqFt
1 Acres
Prime 1 acre mixed-use property. Conveniently located near intersection of Highways 50 and 89, shopping, restaurants, hospital, beaches, trail heads. 
Five detached units (4 residential, 1 commercial building with large storage yard). The buildings consist of 2,913 ground floor sf with plenty of on site parking and storage. 
The TRPA has verified 29,226 sf of Class 7 coverage, with potential for additional 1266 sf.
Located in Town Center Gateway, Tahoe Valley Area Plan, this is an ideal investment with development potential. A sample of allowable uses include: Multi Family Residential up to 25 units/acre, General Retail, Heath Care Services, Professional Offices, Repair Services, Secondary Storage, Small Scale Manufacturing, Warehousing.
https://player.vimeo.com/video/446950916
Buyer to cooperate in a 1031 exchange at no cost to buyer
Note: The preceding information has been provided to best of my knowledge. Interested parties shall independently verify all information.

Property Details

Price:
$1,150,000
MLS #:
132847
Status:
Active
Address:
1150 Melba Drive
Type:
Multi Family
City:
South Lake Tahoe
Listed Date:
Aug 1, 2020
State:
CA
Square Ft (approx):
2,461
ZIP:
96150
Lot Size:
43,681 sqft / 1.00 acres (approx)
Year Built:
1940
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1150 Melba Drive
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