2875 Lake Forest Rd 7,666 SF Specialty Building Offered at $1,500,000 at a 5.07% Cap Rate in Tahoe City, CA 96145

Commercial property on Lake Forest Rd; historically, the Snyder Lumber Property has a wide berth on allowable uses. Particularly interesting is 'storage' and 'affordable housing', both of which are in great demand. The property has been significantly re-priced to provide an attractive ROI. Just under one acre on 3 lots. Three existing and verified residential units; 9500 sq.ft. + verified Commercial Flr Area, 15 Storage, one commercial shop - generating a cash flow. This property was once mapped by Sagan Design for mini-storage. Placer County has a stated motivation to see this property developed as affordable housing. NOTE: IN ATTACHED DOCUMENTS YOU WILL SEE A DETACHED FOURTH LOT ... 0ne-third acre which generates an additional $27.5K from local contractor equipment storage ... the lot would provide additional entitlements which relate to square footage; this a stand-alone 8% ROI with virtual minimal mgmt Offered: $350,000