The Coyote Builidng | 205 State Line Rd
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The Coyote Builidng 205 State Line Rd
3,352 SF 100% Leased Flex Building Kings Beach, CA 96143 $3,160,530 CAD ($943 CAD/SF) 3.30% Cap Rate
Investment Highlights
- Future Valuation Potential w/ Crystal Bay Development
Executive Summary
Discover a prime location commercial property in the heart of Kings Beach, CA, offering 3,352 square feet of versatile spaceacross two spacious suites. Suite 1: large open two story studio space, reception, bathroom, 4 offices / massage rooms,Suite 2: large studio, 3 offices / massage rooms, waiting area, bathroom. With mixed-use tourist zoning, this property isperfect for a variety of uses, including retail, office space, dining establishments, or even converting the upstairs area into aresidential unit. Its prime location guarantees high visibility and foot traffic, along with 10 parking spaces, making it anexcellent investment opportunity. What truly sets this property apart is its future value potential. Situated next door to theupcoming Waldorf Astoria and in close proximity to the Cal-Neva's future development plans, the property is poised forsignificant appreciation. Kings Beach and Crystal Bay are bustling tourist destination, ensuring continuous demand andgrowth. Don't miss out on this exceptional investment opportunity with unmatched future value potential in Kings Beach, CA.The current tenant is "The Sanctuary", featuring yoga/barre, massage therapy, healing and wellness, ayurveda, facials andskincare and reiki. Current lease agreement expires 12/1/2028.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Air Conditioning
Utilities
- Gas - Natural
- Water - County
- Sewer - County
- Heating - Gas
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- The Sanctuary
- Retailer
-
99,999 SF
-
$9.99
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| The Sanctuary | Retailer | 99,999 SF | $9.99 | - |
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PROPERTY TAXES
| Parcel Number | 090-304-021 | Total Assessment | $1,247,423 CAD |
| Land Assessment | $440,267 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $807,156 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
090-304-021
Land Assessment
$440,267 CAD
Improvements Assessment
$807,156 CAD
Total Assessment
$1,247,423 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | 032 Mixed Use Tourist (Mixed Use Tourist allows all except single family.) |
| 032 Mixed Use Tourist (Mixed Use Tourist allows all except single family.) |
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The Coyote Builidng | 205 State Line Rd
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