2227 James Street

Description:

Owner/User or Investment Property. 6 Unit well maintained Industrial Building which is a rare find in South Lake Tahoe. Excellent Location one block off Lake Tahoe Blvd., and Tahoe Keys. New Sewer Lines and Parking Lot in 2018. 5 out of 6 units have Roll Up doors with electronic openers. Unit 5 is currently vacant which makes this a great opportunity for Owner/User. Not a lot of Industrial Space available in town to offer. Property is located in Tahoe Valley Plan CMX-S which has many allowed uses. Retail, Industrial, Residential, see Land Use Matrix. Unit 1 is unique with a One Bedroom/One Bath apartment upstairs. Great mix of tenants. Easy to manage and low maintenance. Units are individually metered. Tenants responsible for Power/Gas, Refuse, and Snow Removal. Owner pays Sewer and Water, Taxes/Insurance and Common Area Gas for water heater that serves restrooms. All units have Mezzanine Space which Landlord does not charge for. Potential for additional revenue. The vacant unit, is partially built out with the metal framing, insulation, rough plumbing for ADA restroom and Kitchen, 789 square feet of additional Mezzanine Space framed in and 2 HVAC units ready for install. Asking $1.50/ft for the 2240 square feet of ground space.