Recently repositioned, this 4-unit commercial building is currently configured as a fully occupied 2-unit property, offering excellent visibility and access along the high traffic Hwy 50 corridor in South Lake Tahoe. Located in a thriving year round tourist market and surrounded by established retail and ongoing redevelopment, including a Save Mart currently under renovation, this location benefits from consistent activity and future growth potential. The property features two established tenants with in-place income and offers the flexibility to reconfigure into up to four separate suites, creating additional income potential or future owner-user opportunities. Recent operational improvements, including utility restructuring, provide added efficiency and the potential for improved returns over time. Additional highlights include ample on-site parking (including oversized vehicle capacity), monument signage, recent exterior paint, upgraded bathrooms, and a dedicated delivery/loading area. Ideally located near Bijou Community Park, golf courses, bike paths, and the lake, with convenient access to transit, recreation, and the Nevada state line, this property is well positioned for both investment and owner user use in one of Tahoe's most active commercial corridors. Fully leased property with staggered lease expirations. One unit available upon lease expiration in September 2028; second unit under longer-term lease.