4133 Cedar Ave
- Prime South Lake Tahoe Location: The property is located steps from Heavenly Village, Heavenly Ski Resort, and the shores of Lake Tahoe, providing year-round access to world-class outdoor recreation. Guests are also within walking distance to ample shopping, dining, and nightlife opportunities, including the nearby casinos and newly constructed Tahoe Blue Event Center which hosts year-round concerts, conventions, and sporting events.
- High Barriers to Entry: South Lake Tahoe presents significant barriers to new development including limited land availability and strict zoning regulations.
- Opportunity Zone Benefits: The property is located within a federally designated Opportunity Zone, offering tax incentives to future investors.
- Turnkey Management Company and Ecosystem Included in Sale: Current ownership is including its proprietary brand and management systems in the sale, allowing the next owner to have dedicated staff and full tech stack in place on day one of ownership. The management company can easily scale to take on more properties in the future.
- Recent Capital Improvements: Blue Jay Lodge has been recently upgraded with interior and exterior renovations as well as solar installation which will net an estimated savings of approximately $30,000 annually on utility costs.
- Operational Upside: Current operations rely heavily on OTAs for 3rd party bookings, presenting additional updates for a future owner to reduce booking costs going forward.
Property Description
NAI Tahoe Sierra, as exclusive advisor to the Seller, is pleased to offer the opportunity to purchase a fee simple interest in Blue Jay Lodge, a 42-key hotel (including one manager's unit) in South Lake Tahoe, CA. The property sits on 0.69 acres of land and includes ample parking, a swimming pool, and outdoor gathering spaces. Blue Jay Lodge is ideally located steps from the beaches of scenic Lake Tahoe and the Heavenly gondola, providing year round access to world-class outdoor recreation as well as abundant shopping, dining, and entertainment options which attract over 15 million annual visitors to the Tahoe region.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $5,800,000 |
| No. of Units: | 42 |
| Lot Size: | 0.69 Acres |
| Opportunity Zone: | No |
| Price per unit: | $138,095 |
| Property Website | Click Here |
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