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HANS HANSSON415.517.2589 [email protected] CA BRE #00872902
CRAIG HANSSON415.710.7768 [email protected] BRE #01841643
TRINKIE WATSON530.582.0722 [email protected] CA BRE #0032651
ENTREPRENEURIAl • LOCAl • INDEPENDENT
COMMERCIAL REAL
t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d t c n f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .
Offering Memorandum
North Lake Tahoe,California THE COTTAGE INN
HANS HANSSON415.517.2589 [email protected] CA BRE #00872902
CRAIG HANSSON415.710.7768 [email protected] BRE #01841643
TRINKIE WATSON530.582.0722 [email protected] CA BRE #0032651
ENTREPRENEURIAl • LOCAl • INDEPENDENT
COMMERCIAL REAL
t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d t c n f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .
This Offering Memorandum has been prepared to provide summary, unverified information to pro-spective buyers, and to establish only a prelimi-nary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Starboard has not made any investigation, and makes no war-ranty or representation, with respect to income or expenses for the subject property, future projected financial performance of property, size and square footage of property and improvements, presence or absence of contaminating substances, PCB's or asbestos, compliance with State and Federal regu-lations, condition of improvements thereon, or fi-nancial condition or business prospects of any ten-ant, or any tenant ’s plans or intentions to continue its occupancy of subject property. The informa-tion contained in this Offering Memorandum has been obtained from sources we believe to be reli-able; however, Starboard TCN Worldwide has not verified, and will not verify, any of the information contained herein, nor has Starboard TCN World-wide conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or complete-ness of the information provided. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT IN-VESTIGATION AND DUE DILIGENCE. All potential buyers must take appropriate measures to verify all of the information set forth herein.
Disclaimer
t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .
HANS HANSSON415.517.2589 [email protected] CA BRE #00872902
CRAIG HANSSON415.710.7768 [email protected] BRE #01841643
TRINKIE WATSON530.582.0722 [email protected] CA BRE #0032651
ENTREPRENEURIAl • LOCAl • INDEPENDENT
COMMERCIAL REAL
Offering Summary
Starboard Commercial Real Estate as exclusive agents is pleased to offer for sale The Cottage Inn that sits on 2 acres steps from Lake Tahoe, housing 22 rooms in 8 cottages plus a Lodge. At the lodge, guests are treated to break-fast and happy hour. The Lodge is also where office operations take place. In addition to the rooms and lodging, there are 2 garden areas where guests are welcome to lounge.
The Cottage Inn: A Legacy for youSteps from the West Shore of Lake Tahoe and Tahoe Park Association’s pri-vate lakeshore property of lawn, two piers, bocce court, playground, barbe-ques and buoy field is historic Cottage Inn.
Originally built in the 1930s, this property has evolved over the years into two (2) acres with 8 cottages plus the main Lodge. Perfect for a Family or Company/Corporate compound or a Retreat Center, it is currently operating as a vibrant Bed & Breakfast with 22 Units of varying sizes/22 legal Tourist Accommodation Units (TAUs). A new owner could utilize its retreat/company meeting aspects and continue to operate its popular B&B. The zoning also provides for a Planned Unit Development that would require some interior reconfiguration and, of course, approval from appropriate agencies.
Charming and Romantic are perfect descriptive words for the shingled build-ings that have character and are all a bit different. Five of the buildings each have two units, one building has five units, one building has six units and one building has one unit up with the Inn’s laundry room below. One of the units is handicapped certified. Two of the units have a small kitchen and the Lodge has a commercial kitchen along with a dining room, living room and check-in office. In summer, a lovely deck enhances outdoor seating, and there is a central grass area with seating and a hammock or two. A pathway leads to the private waterfront entrance. The land is level and showcases gorgeous pine trees. Sunnyside Resort for casual and fine dining is a brief walk away as is Firesign Café, renowned for breakfast and lunch. There is also the new Sunnyside Market & Deli just down the street, and it’s a little over two miles to Tahoe City – bike trail or car.
Financial information on the B & B operation will be available to a qualified purchaser. 2018 indicates a gross income in excess of $1 million.
t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .
HANS HANSSON415.517.2589 [email protected] CA BRE #00872902
CRAIG HANSSON415.710.7768 [email protected] BRE #01841643
TRINKIE WATSON530.582.0722 [email protected] CA BRE #0032651
ENTREPRENEURIAl • LOCAl • INDEPENDENT
COMMERCIAL REAL
Property Overview
Relax with the rich smell of pine trees and peaceful at-mosphere of Lake Tahoe’s historic west shore. From this convenient location you can sample a wide variety of four-season outdoor recreations, shops, museums, res-taurants, casinos, arts activities and music. The bike trail is right outside the property. At the close of your stay you’ll leave refreshed, restored, and planning ahead for your next Tahoe getaway!
Travel Flying » 1 hour from Reno/Tahoe International Airport » 35 minutes from South Lake Tahoe Airport
(non-commercial) » 30 minutes from Truckee Airport (non-commercial)
Driving » 20 minutes via Hwy 89 from Truckee (Int 80) » 2 MilesSouth of Tahoe City
The Opportunity
» Single family use, Company/Corporate Retreat – with or without continued B & B use
» TAUs can be banked or sold, with value
» Possible PUD. One possibility offering three clusters utilizing the 3 kitchens on the property
» Health Care Services – out patient only (dentist, etc.)
» Religious Assembly, Membership Organizations: however, no lodging
Building Size: 8,598 Sq. ft.
Lot Size: 87,120 Sq. ft.
No. Rooms: 22
Acreage: 2
Zoning: Linear Commercial
Sale Price: $12,000,000
1690 W Lake Blvd., Tahoe City, CA 96145
t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .
HANS HANSSON415.517.2589 [email protected] CA BRE #00872902
CRAIG HANSSON415.710.7768 [email protected] BRE #01841643
TRINKIE WATSON530.582.0722 [email protected] CA BRE #0032651
ENTREPRENEURIAl • LOCAl • INDEPENDENT
COMMERCIAL REAL
Investment Highlights
» 8 cottages
» 22 rooms
» Plus a Lodge
» Guests are treated to breakfast and happy hour
» 2 garden areas where guests are welcome to lounge
» Short walk to/from the Lake Tahoe and water sport rentals
» Volleyball Court
» Private beach access
» Casual and fine dining is a brief walk away as is Firesign Café
VIEW PROPERTY VIDEO
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t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .
HANS HANSSON415.517.2589 [email protected] CA BRE #00872902
CRAIG HANSSON415.710.7768 [email protected] BRE #01841643
TRINKIE WATSON530.582.0722 [email protected] CA BRE #0032651
ENTREPRENEURIAl • LOCAl • INDEPENDENT
COMMERCIAL REAL
Investment Highlights
The LodgeThe original residence on the property was built by Ernest Pomin in 1938 and is decorated with “Old Tahoe” style fur¬nishings. Breakfast is available every morning in the din¬ing room or on the deck in the summer. In the after-noon, mingle with other guests or meet new friends over a glass of wine, cookies, and snacks during happy hour; enjoy mulled wine and soup after a day of skiing. Book din-ner reservations to renowned area restaurants with office.
t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .
HANS HANSSON415.517.2589 [email protected] CA BRE #00872902
CRAIG HANSSON415.710.7768 [email protected] BRE #01841643
TRINKIE WATSON530.582.0722 [email protected] CA BRE #0032651
ENTREPRENEURIAl • LOCAl • INDEPENDENT
COMMERCIAL REAL
Property Overview
t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .
HANS HANSSON415.517.2589 [email protected] CA BRE #00872902
CRAIG HANSSON415.710.7768 [email protected] BRE #01841643
TRINKIE WATSON530.582.0722 [email protected] CA BRE #0032651
ENTREPRENEURIAl • LOCAl • INDEPENDENT
COMMERCIAL REAL
Property Photos
t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .
HANS HANSSON415.517.2589 [email protected] CA BRE #00872902
CRAIG HANSSON415.710.7768 [email protected] BRE #01841643
TRINKIE WATSON530.582.0722 [email protected] CA BRE #0032651
ENTREPRENEURIAl • LOCAl • INDEPENDENT
COMMERCIAL REAL
The RoomsThe Cottage Inn redefines unique with its enchanting cabin décor and themed rooms, the perfect getaway for couples. All rooms have a private shower bathroom, some a-2 person jet-ted or soaking tub, TV, gas fireplace, mini fridge, hair dryer, and WIFI. Included in the room charge is a hearty country breakfast from the Lodge kitchen, served daily in the dining room or on the lovely outdoor deck in the summertime.
t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .
HANS HANSSON415.517.2589 [email protected] CA BRE #00872902
CRAIG HANSSON415.710.7768 [email protected] BRE #01841643
TRINKIE WATSON530.582.0722 [email protected] CA BRE #0032651
ENTREPRENEURIAl • LOCAl • INDEPENDENT
COMMERCIAL REAL
Investment Highlights
Beach AccessThe Cottage Inn lies a few steps from one of the finest private beach-es on Lake Tahoe. All our guests are welcome with an access key that can be obtained at the front desk with a cash deposit (refundable upon return of the key at check out). Here you may enjoy sunning on the docks, swimming in the clear water, or picnicking at tables under the trees. Beach towels are available at the lodge, but please bring your own beach chairs if you don’t like sitting on the lakeside peb-bles. During winter months, enjoy a peaceful stroll along the snowy path to take in the beautiful views along the shoreline.
t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .
HANS HANSSON415.517.2589 [email protected] CA BRE #00872902
CRAIG HANSSON415.710.7768 [email protected] BRE #01841643
TRINKIE WATSON530.582.0722 [email protected] CA BRE #0032651
ENTREPRENEURIAl • LOCAl • INDEPENDENT
COMMERCIAL REAL
Property Map
Parking Lot
Parking Lot
Parking Lot
Office, Lodge& Breakfast
MainDoor
Lake Tahoe
South Highway 89/West Lake Blvd.
Lawn Area
Short walk to the beach
Main Entrance
t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .
HANS HANSSON415.517.2589 [email protected] CA BRE #00872902
CRAIG HANSSON415.710.7768 [email protected] BRE #01841643
TRINKIE WATSON530.582.0722 [email protected] CA BRE #0032651
ENTREPRENEURIAl • LOCAl • INDEPENDENT
COMMERCIAL REAL
t h e i n f o r m at i o n h a s b e e n s e c u r e d b y s ta r b o a r d c r e f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . i t i s n o t g u a r a n t e e d , h o w e v e r , a n d s h o u l d b e v e r i f i e d p r i o r t o c o n s u m m at i n g a n y t r a n s a c t i o n .
HANS HANSSON415.517.2589 [email protected] CA BRE #00872902
CRAIG HANSSON415.710.7768 [email protected] BRE #01841643
TRINKIE WATSON530.582.0722 [email protected] CA BRE #0032651
ENTREPRENEURIAl • LOCAl • INDEPENDENT
COMMERCIAL REAL
Lake Tahoe
