Great income property development opportunity! Per the city of South Lake Tahoe: This lot is located in special area 1 of the Al Tahoe plan area. Multifamily is an allowed use and at approximately 6000sf this parcel will support 2 units. There currently is no wait for allocations so construction could be started this spring. TRPA shows an IPES score of 868 with 30% coverage and has a November 2018 land capability verification on file. Located in the desirable Al Tahoe Neighborhood just a short walk/ bike ride to the beach, numerous local restaurants, shops and events. With the current shortage of rentals in South Tahoe, this is a great opportunity to build an investment property to hold or sell. Call for more details on the development possibilities.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
