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/446950916Buyer to cooperate in a 1031 exchange at no cost to buyerNote: The preceding information has been provided to best of my knowledge. Interested parties shall independently verify all information.
Property Details
Price:
$1,099,000
MLS #:
132847
Status:
Sold ((Dec 1, 2021))
Baths:
0
Address:
1150 Melba Drive
Type:
Multi Family
Subtype:
Apt Build 5-12 Units
Neighborhood:
Y Area
City:
South Lake Tahoe
Listed Date:
Aug 1, 2020
State:
CA
Finished Sq Ft:
2,461
ZIP:
96150
Lot Size:
43,681 sqft / 1.00 acres (approx)
Year Built:
1940
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Financial
Map
Community
- Address1150 Melba Drive South Lake Tahoe CA
- AreaY Area
- CitySouth Lake Tahoe
- CountyEl Dorado
- Zip Code96150
Similar Listings Nearby
- 2165 Jean Avenue
South Lake Tahoe, CA$1,390,000
0.00 miles away
- 3310 Treehaven Drive
South Lake Tahoe, CA$1,300,000
0.00 miles away
- 3121 Pasadena Avenue
South Lake Tahoe, CA$1,295,000
0.00 miles away
- 629 James Avenue
South Lake Tahoe, CA$1,049,000
0.00 miles away
- 3840 Forest Avenue 1-2
South Lake Tahoe, CA$875,000
0.00 miles away
Courtesy of Nicole Zaborsky of Ascent Property Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the South Tahoe Association of Realtors. Detailed information about real estate listings held by brokerage firms other than Ascent Property Group include the name of the listing broker. Neither the listing company nor Ascent Property Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. South Tahoe Association of Realtors. All rights reserved. 1150 Melba Drive
South Lake Tahoe, CA
LIGHTBOX-IMAGES