South Lake Tahoe Ski Lodge For Sale – REO – $1.5M

April 24, 2010

Commercial Real Estate

South Lake Tahoe Ski Lodge For Sale – REO – $1.5M:

REO South Lake Tahoe Ski lodge  – under contract!  We have this property under contract, and if we don’t sell it in the next few weeks – we’re going to purchase it ourselves.   For now, we’re willing to assign the contract.  Links with additional information are at the end of this e-mail.

There’s a $30K finders fee to anyone who brings the right buyer and closes inside of the contract date.  Terms can be readjusted if the transaction extends beyond the contract.

  • We have a $2.2M BPO
  • Selling for $1.5M
  • Will finance with $300k down (which will give you an instant equity of $1M)

The property is ready for business, but has been vacant for a year.  The bank paid for a full cleaning of the motel, so the rooms are in rentable condition. They also repainted the manager’s unit, installed new lake tahoe hotel for salefixtures in the bathroom in the manager’s unit, and thoroughly cleaned the carpet throughout.

Reduced price due to the fact that the lodge is vacant a has not been run for over a year (so there are no P&L or bank statements)

This property is in the prime location for South Lake Tahoe and is in the emerging market area.  The city is going to create a new convention center, this is probably years in the making due to the economy, but the play for this lodge is to cash flow the business and then build a 5 star resort later.  This is a major equity play that will be worth multi-millions in the future.

The property is near Stateline Casinos, Heavenly Ski lift, Lake Tahoe beach and restaurants within walking distance.  You really could not ask for a better location.

If you have been following my story on South Lake Tahoe, this is  GREAT opportunity.

Please contact me with any questions, and see links below for additional info.   Angella (310) 528-5789
lake tahoe hotel for sale
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2 Responses to “South Lake Tahoe Ski Lodge For Sale – REO – $1.5M”

  1. David Says:

    Could you please forward more details of this lodge/motel to the above address. I am an Englishman looking to move to the south shore where I have familiy and would like to move. Dave

  2. Angella Says:

    Sorry, it sold already…

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