889 Tahoe Boulevard, Incline Village, NV

Transcription

1 FOR SALE - LEASED INVESTMENT - MIXED USE COMMERCIAL/RESIDENTIAL 889 Tahoe Boulevard, Incline Village, NV

2 889 Tahoe Blvd, Incline Village, NV FOR SALE - LEASED INVESTMENT - MIXED USE COMMERCIAL/RESIDENTIAL Lorem ipsum Coldwell Banker Select is pleased to present for sale 889 Tahoe Boulevard located near the intersection of Tahoe Boulevard and Village Boulevard, in the heart of Incline Village, Nevada. Built in 1966, the improvements measure approximately 7,470 square feet on a parcel of land measuring approximately 11,523 square feet. This property has a highly visible façade facing Highway 28 and is ideally located to serve the needs of the Incline Village community. This two-story mixed use building is a 100% leased investment including three ground floor retail spaces, six residential apartments and a lower level for operations and storage. This prime location also presents a spectacular future development site for the investor/developer looking to acquire investment property in a high traffic location. The property offers an in-place net operating income of ±100,000.* The future development opportunity includes near 100% land coverage, approximately 4,935 square feet of Commercial Floor Area (CFA) and six Existing Residential Units (ERU s) which have a combined value of 700,000 or more. CFA 4,935 Zoning GC ERU s 6 CFA & ERU s need to be banked with TRPA

3 INVESTMENT ADVISORS M. TREVOR SMITH Lic. NV BS CA AMY SMITH Lic. S APRIL KUHNER Lic. S INCLINE VILLAGE OFFICE

4 FOR SALE 100% LEASED INVESTMENT MULTI-TENANT COMMERCIAL/RESIDENTIAL 889 Tahoe Boulevard ASKING PRICE: 1,665, PSF 6.0% CAP RATE High Traffic Central Location Within Incline Village With Easy Highway Front Access Located next door to Starbucks Coffee, Jack Rabbit Moon Restaurant, Coldwell Banker and across the street from the Christmas Tree Shopping Center, just three blocks from Lake Tahoe. High traffic location with Highway 28 frontage, large historical signage and easy level access to retail spaces. Includes parking front and rear with access off of East Enterprise, perfect for delivery access.

5 PARCEL MAP sf 83.10

6 FLOOR PLAN MAIN FLOOR PLAN LOWER FLOOR PLAN UPPER FLOOR PLAN

7 INVESTMENT HIGHLIGHTS Number of tenants: 9 Size Sq. Ft. Retail 2,664 Lower Level 2,605 Residential 2,225 Total 7,494 Parking Lot Size Year Built Building Class Heat APN Zoning Regulating Agencies ± acre 1966 B Natural Gas General Commercial Washoe County TRPA Projected 2017 Income 147,694 Expenses 47,774 Projected NOI 99,920

8 DEMOGRPHICS MAPS INCL IN INCLINE NC CLIN IN NE VILLAGE, VIILLAGE V VILL LLAG LAGE, AGE AG E,, NV E NV MEDIIAN MED N HOUSEHOLD HOUSE H USEHOL SE EHOL HOL LD INCOME INCO CO C OM ME E 85,465 85, , MED EDI DIAN AN SINGLE SINGL SI S NGLE NGL G E FAMILY FAMI F AM A M LY Y HOME HOME ME E VALUE VAL LU UE 720, , miles miille m les es s 533, ,878 33,4 33, miles 4 mile mi m le les es 533, , ,, miles 3 533,494 8, population po p opu opu ula u attio atio on p popu population pulat p attio on 2016 population KIING K KINGS NG GS S BEACH, BEAC BE B EA EACH ACH AC H, CA MEDI MED M DIA AN N HOUSEHOLD HOUSE HO OU USE SE S H HOL HO OLD INCOME INCO N OME M 3 39,841 39,, MED M EDIA AN A N SINGLE SIIN S NGL NG LE FAMILY FA AMILY L HOME OME VALUE V VALU LUE 685, ,0,000,, CRYSTA BAY CRYSTAL BAY, Y, NV M D A HOUSEHOLD HOUSEHO O S HO D INCOME N OME 146, , M D A SINGLE NGL FAMILY A IL HOME OM VALUE V L E 1,223, ,223, Compiled C p ed fr from rom m va various io s sources o rc s including nc u n US Census e su Data, Dat Data a USA, USA Zillow, Z low Trulia ru a and an local c M MLS L Listings L ti gs T Taho Ta Tahoe ah ho h oe Bo Boul B Boulevard oulevar levar arrd

9 DISCLAIMER The information contained in the following Summary is private and strictly confidential. It is intended to be reviewed only by the party receiving it from Coldwell Banker Select, and should not be made available to any other person or entity without the written consent of Broker. This Summary has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Broker has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, fuel storage tanks, PCB s or asbestos or compliance with any State and Federal regulations or any owner s or tenant s plans or intentions to continue occupancy of the subject property. The information contained in this Summary has been obtained from sources we believe to be reliable, but Broker has not verified, and will not verify, any of the information contained herein, nor has Broker conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must investigate all information contained herein. Smith Team Luxury Real Estate

10 INCLINE VILLAGE OFFICES MAIN OFFICE 931 TAHOE BOULEVARD Suite 1A Incline Village, NV STARBUCKS LOCATION 899 TAHOE BLVD Suite 200 Incline Village, NV RENO-SPARKS, NV OFFICE 1170 S. ROCK Suite 2 Reno, NV