Extraordinary Commercial Opportunity in North Lake Tahoe
In the heart of Tahoe City the Peppertree Inn is one of the most iconic landmarks in North Lake Tahoe. Built in anticipation of the 1960 Olympics to height of seven stories … unique as the largest single-use commercial building in Tahoe City … the Peppertree Inn is the lodging centerpiece in Tahoe City, the North Shore’s signature community. This a location has been coveted by development interests and lodging enterprises for decades. Owned by the same family since 1979, the Peppertree is now for sale. It is priced attractively and consistent with its financial performance, stunning lake views and central location.
- The Peppertree Inn offers a bed-and-breakfast format
- There is cozy breakfast room served by a friendly, dedicated staff
- 44 rooms for all budgets from standard to deluxe prime views
- The second floor is a ‘shell’ ready for development; ex: conf. facility
- There are 6 additional rooms allocated providing a 50-room potential
- There is well-maintained ADA-compliant pool
- Underground parking is a completely unique amenity on the North Shore
- The Peppertree offers the highest room count among its local competition
- Panoramic lake views are unmatched by any lodge on Tahoe’s North Shore
- The Peppertree has lucrative cell tower leases with AT&T, Sprint, T-Mobile,Verizon
Property Details
SOLD: 6,100,000
Address: 645 North Lake Blvd
City: Tahoe City
State: CA
Zip: 96145
MLS#: 20190834
Property Type: Commercial
Square Feet: 18609
Garage: n/a
Year Built: 1959
Status: Sold
Square Feet: 18609
Garage: n/a
Year Built: 1959
Status: Sold