Listed by CBRE - Orange County
$38,758,000
The Chateau & Zalanta at the Village
Details
APN 029-680-002-000, 029-690-002-000, 029-690-003-000, 029-650-003-000, 029-650-004-000, 029-650-005-000
Property Type Retail
Sub Type Storefront
Square Footage 50,078
Net Rentable (SqFt) 50,078
Cap Rate 7.5%
NOI $2,906,846
Price per SqFt $774
Year Built 2014 & 2017
Buildings 3
Acreage 1.510
Zoning TSC-C-Tourist Center
Ground Lease No
Retail | 7.50% CAP | 50,078 SqFt
Marketing description
- Irreplaceable Year-Round Retail Location – Situated within one of Lake Tahoe’s most soughtafter commercial corridors directly across from Heavenly Ski Resort, drawing over 15 million visitors annually, the property serves as a core hub for the area’s most popular dining, entertainment, and après-ski destinations and benefits from consistent tourism driven by world-class skiing and summer recreation
- Founded in 1955, Heavenly Mountain Resort is a world‑class destination featured on the Epic Pass, ranked No. 5 by USA Today for skiing and snowboarding in 2024 and 2025, and recognized among the top 10 apres‑ski destinations in North America by OnTheSnow
- Hospitality Focus – Surrounded by numerous high-end hotels and over 6,800 rooms in a 3-mile radius of the property, including the Edgewood Tahoe Resort (154 rooms), Harrah’s Lake Tahoe (512 rooms), the Lakeland Village Resort at Heavenly (170 rooms), to name a few
- Future Development – Phase II for The Chateau and Zalanta include 431 fully entitled condo units and ±75,000 SF of proposed retail that is fully entitled
- 100% Location – Situated STEPS away from the Heavenly Ski Resort Gondola, four renowned casinos, Tahoe Blue Event Center (±125 yearly events), and the Lake Tahoe Outdoor Arena
- Population Density – Dense, infill trade area bounded by the California–Nevada Stateline to the north, Lake Tahoe to the west, over 4,800 skiable acres to the east, and downtown South Lake Tahoe to the southwest
Listing Contacts
Listed by CBRE - Orange County
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$2,906,846.00
$242,237.17/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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