Former North Tahoe gas station location on market for $540,000 | SierraSun.com

Former North Tahoe gas station location on market for $540,000

Staff report
Street view of the Swiss Mart property that is for sale in Kings Beach.
Courtesy Placer County |

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Visit placer.ca.gov/kingsbeachsale for more information regarding bid guidelines, deadlines and the Swiss Mart property itself.

KINGS BEACH, Calif. — Bids are being accepted for a vacant piece of commercial property located at the eastern gateway to Kings Beach.

The property at 8793 North Lake Blvd. (Highway 28) — the northwest corner where 28 and Chipmunk Street intersect — is generally referred to as the former “Swiss Mart property.”

It consists of two parcels, one of which has a highway easement for the Kings Beach Gateway Monument welcoming people to the community, and is roughly 0.3 acres, according to Placer County.

The property is a remediated former gas station. Underground storage tanks and structures have been removed, environmental assessment and remediation performed and regulatory closure received, according to the county.

It was recently released for sale by the Successor Agency to the former Placer County Redevelopment Agency.

The minimum bid is $540,000, and it’s being sold “as is.” No bids will be accepted for less than the minimum bid price.

Prospective bidders will have two opportunities to visit the property, guided by county staff — at 1 p.m. April 6 and 10 a.m. April 21.

Bidders do not need to attend in order to submit a bid.

The Swiss Mart property is one of four Placer County properties in Kings Beach that will be offered for sale in the coming months by either a sealed bid or a competitive request-for-information process.

All four are being offered separately, though it may be possible for a developer to combine two or more properties into a single related or compatible project, officials said.

At this time, only bids for the Swiss Mart property are being solicited. It’s anticipated that a Request for Information will be released later this spring to solicit interest for each of the other three properties.

The Swiss Mart listing comes as the multi-season Kings Beach Commercial Core Improvement Project, which aims in part to create a pedestrian-friendly commercial center in the heart of Kings Beach, nears completion.

“I am very proud of the transformation happening in Kings Beach,” Jennifer Montgomery, District 5 supervisor, whose region includes Lake Tahoe, said in a statement. “The sale of the Swiss Mart property is yet another opportunity for community-oriented development benefiting locals and visitors alike.”

The deadline for sealed bids is 5 p.m. May 25, after which a seal bid opening and a call for bids will occur at 10 a.m. PST on May 26. These dates and times are subject to change, according to the county.