804 US Highway 50 | South Lake Tahoe
About This Property for Sale
Marketing description
Gateway property at the entrance to South Lake Tahoe, California. 3,615 square feet, 8 bedrooms, 4.5 bathrooms across two stories on a 1.44-acre lot with Upper Truckee River frontage. Ideal for contractor housing, builder headquarters, or workforce lodging opportunity. Located directly on Highway 50 in the Meyers gateway, 804 US Highway 50 offers a rare combination of existing housing infrastructure, trade-friendly site utility, public water and sewer, river frontage, and direct exposure on one of the busiest entry corridors into the Tahoe Basin.
The building layout is already solved for a trades operator, general contractor, or hospitality employer. 8 bedrooms, 4 full bathrooms, and a half bath across 3,615 square feet translate into 8-plus bunks without moving a wall. The detached garage with loft above provides a front-of-house office, project manager suite, or dedicated workspace separate from the housing footprint. The flat 1.44-acre lot holds equipment, trailers, and service trucks, with room for trade storage or future build-out.
The parcel sits in the Meyers Recreation District (MAP-4) under the 2018 Meyers Area Plan, a zoning designation purpose-built for recreation and service uses at the gateway to the Tahoe Basin. Permitted and conditional uses include employee housing, local public health and safety facilities, amusement and recreation services, group facilities, developed campgrounds, RV parks, recreation centers, visitor information centers, and cultural facilities. The existing 8-bedroom configuration is an immediate fit for workforce or contractor housing, one of the most structurally undersupplied asset types in the South Lake Tahoe market today.
804 US Highway 50 is one of the first private parcels a buyer sees entering South Lake Tahoe from the Meyers gateway, directly on the scenic Highway 50 corridor, the busiest entry point into the Tahoe Basin. The rear of the lot drops to the Upper Truckee River with mature pine cover and immediate access to National Forest trail networks. The property sits adjacent to Lake Tahoe KOA Journey campground and within the Meyers Recreation district. Signage and brand visibility from this stretch of Highway 50 are difficult to replicate. This is a full-daylight storefront for any owner-operator whose business depends on exposure.
The combination of acreage, building footprint, river frontage, and gateway Highway 50 visibility on this corridor is extremely rare.
Investment highlights
8.2% Pro Forma Cap Rate on a Whole-Building NNN Lease. Workforce housing demand from general contractors, trades companies, and hospitality employers in South Lake Tahoe supports a $8,500/month NNN lease structure for ~$90,000 NOI on a $1.1M basis.
Gateway Highway 50 Visibility. One of the first private parcels visitors see entering South Lake Tahoe from the Meyers gateway, on the busiest entry corridor into the Lake Tahoe Basin. Brand visibility and signage exposure on this stretch are difficult to replicate.
Purpose-Built 8-Bedroom Workforce Footprint. 3,615 SF across two stories with 8 bedrooms, 4 full bathrooms, and a half bath. The layout sleeps a full crew without modification and matches how employer-tenants want to occupy housing.
Proven Institutional Use as a Former Cal Fire Base. The building already operated as employer-provided team housing. The next operator inherits a functioning workforce house with a validated use case.
Detached Garage with Loft Above. Oversized two-car garage with a loft ideal for an on-site office, project manager suite, or supervisor quarters separate from the main housing footprint.
1.44-Acre Lot with Upper Truckee River Frontage. Mature pine cover, river frontage at the rear of the lot, and yard capacity for trucks, trailers, equipment, and trade storage. Rare acreage at the South Lake Tahoe gateway.
MAP-4 Meyers Recreation Zoning Under the 2018 Meyers Area Plan. Permitted and conditional uses include employee housing, group facilities, recreation centers, outdoor recreation concessions, and visitor services, creating multiple repositioning paths for a long-term hold.
Priced Below Replacement Cost. $304 per square foot for the building and $17.54 per square foot for the underlying land, well below comparable Highway 50 commercial assets in South Lake Tahoe and Meyers.
Public Water and Sewer. Connected to South Tahoe Public Utility District for both water and sewer, removing a major redevelopment barrier common to gateway parcels.
Three Paths to Value. Whole-building NNN lease (8.2% cap), MAP-4 recreation/service use (7.0% cap), or owner-operated per-bed workforce housing. Buyers select the strategy that fits their thesis.
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