Address
1072 Ski Run Boulevard, South Lake Tahoe, CA
Price
$ 5,790,000
Property Attributes
  • MLS#139696
  • TypeCommercial
  • CountyEL DORADO
  • CitySouth Lake Tahoe
  • AreaStateline
  • Zip96150
  • StyleCommercial
  • Price$ 5,790,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9600
  • Lot Size0.57 Acres
Data Source:
South Tahoe MLS (STAR)
Property Description

Welcome to Alder Inn, a captivating hotel nestled in the heart of South Lake Tahoe, offering an exceptional blend of adventure and relaxation. This prime location is just moments away from the lake, a brief walk from Ski Run Beach and Marina, close to Heavenly Ski Resort's California Lodge, and near the lively Stateline area, bustling with nightlife and shopping options.Spanning 9,600 square feet, Alder Inn boasts 25 exquisitely designed units, accommodating a diverse range of guests. The selection 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 appeal and functionality.The hotel has seen significant upgrades, enhancing guest comfort and style. These improvements include 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.Financially, Alder Inn is a robust investment, listed at $5,790,000 with an 7.8% CapRate and a promising ProForma Cap of 11%. The hotel has a track record of strong performance, especially in peak tourist seasons, demonstrating its capability to capitalize on the region's seasonal appeal.Alder Inn is a turn-key operation, active on major booking platforms and supported by a loyal and experienced staff, ensuring a smooth transition for new owners looking to manage and grow this thriving business.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. Embrace the chance to own a slice of South Lake Tahoe's allure.

Price History
12/22/2023 Listed $5,790,000

General Features

Listing Agent Name Ryan S Smith

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 96150

Price
AVG $5.08M
$5.79M
Visits
AVG 21
30
Data Provided by Inside Real Estate®
Year Built
AVG 1963
1969