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3160 US HWY 50, SOUTH LAKE TAHOE, CA 96150-9214 For Sale

RS
CA 02095506, NV 0188892
Compass
MS
CA 01485376, NV 0191477
Compass
Listed by Compass
$2,450,000
89 days on market
Updated 68 days ago

Bob Dog Pizza | 3160 Hwy 50 South Lake Tahoe

Details
APN 034323010
Property Type Hospitality, Business for Sale
Sub Type Business and Building, Business
Square Footage 3,652
Units 1
Cap Rate 6.89%
NOI $168,686
Occupancy 100%
Class A
Year Built 2013
Stories 2
Lot Size (SqFt) 12,600
Zoning MAP-1
Investment Type Stabilized
Ground Lease No

Turnkey Restaurant, Brewery, or Taproom Opportunity at the Gateway to South Lake Tahoe

Marketing description

Class A commercial building on US Highway 50 at the gateway to South Lake Tahoe, California, positioned on the busiest corridor into the Tahoe Basin. Built in 2013, 3,652 square feet across two stories on a 12,600 square foot lot with approximately 70 feet of Highway 50 frontage, 11 on-site parking spaces, and an internally illuminated freestanding monument sign.

The parcel sits in the Meyers Community Center district (MAP-1) under the 2018 Meyers Area Plan, one of the most flexible commercial zones in the Tahoe Basin. Permitted uses by right include eating and drinking establishments, food and beverage sales, retail, professional offices, personal services, bed and breakfast, amusement and recreation services, and small-scale food production. Hotels, motels, and additional employee housing are available by conditional use permit. The Area Plan explicitly supports tourist-serving, recreation-oriented businesses that reinforce Meyers mountain culture and the walkable community vision.

The building operates as a full-service restaurant. The kitchen is built out to production brewery, taproom, or destination restaurant standards: multiple deck pizza ovens, a 9 ft x 9 ft walk-in refrigerator, an 8-tap beer keg walk-in cooler, commercial-grade appliances, and multiple workstations. The dining area features a gas log fireplace, full bar, counter seating, custom booths, and a office space. Upstairs is a second-floor living quarters (currently used as an office), allowed by right as employee housing for commercial buildings over 1,000 square feet of commercial floor area. Outside is a fenced front yard with firepit and on-site parking.

The location is uniquely positioned for a destination concept. Meyers is the primary South Shore entry point from the Bay Area, Sacramento, and Central Valley. The Pat Lowe Memorial Bike Trail runs along US 50 past the property, connecting Meyers to South Lake Tahoe and the planned South Tahoe Greenway Multi-Use Trail corridor. Within minutes of the building: Tahoe Paradise Golf Course, Upper Truckee River access, Washoe Meadows State Park, Echo Summit, Heavenly Mountain Resort, Kirkwood Mountain Resort, and the El Dorado National Forest trail system.

Inventory, all fixtures, the Bob Dog Pizza trademark and logo, and the illuminated monument sign convey with the sale. Permits and plans available on request. Whether the next chapter is a production brewery and taproom, a destination restaurant, a recreation-oriented retail hub, or a continuing owner-operator concept, 3160 US Highway 50 offers turnkey commercial infrastructure, broad entitlements, and a Highway 50 address in Meyers, California at the gateway to South Lake Tahoe.

Investment highlights

  • Turnkey Restaurant Building on US Highway 50 — Gateway to the Tahoe Basin 3,652 SF, 11 parking spaces, and an illuminated monument sign on the busiest corridor into South Lake Tahoe.
  • NOI Growing Year Over Year Due Diligence on file pending request.
  • MAP-1 Zoning Broadest Commercial Entitlement in Meyers Meyers Community Center District permits eating and drinking establishments, retail, professional offices, recreation services, bed and breakfast, and food production by right. Significant opportunity beyond current restaurant use.
  • Bike Trail Frontage Positioned for Brewery, Taproom, or Recreation Hub The Pat Lowe Memorial Bike Trail runs along US 50 directly past the building. Kitchen is built to production brewery standards: 8-tap keg cooler, walk-in refrigerator, and deck pizza ovens. Trademark, logo, fixtures, and equipment convey with the sale.

Listing Contacts

RS
CA 02095506, NV 0188892
Compass
MS
CA 01485376, NV 0191477
Compass
Listed by Compass

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,686.00
$14,057.17/mo

Valuation Metrics

0
DSCR
6.89%
Cap Rate
6.89%
ROI

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Additional Information

Name
Ryan Smith
License
02095506
Brokerage
COMPASS
Title
Real Estate Agent
Brokerage Address
2028 Lake Tahoe Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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