For Sale
$755,000

4456 Manzanita AveClearlake, CA 95422

Mixed-use building, high traffic location, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property, the Verizon Building, presents a compelling investment opportunity in Clearlake, California. Located at 4456 Manzanita Ave, this 5,475 square foot building sits on a 0.96-acre lot (APN: 041-083-36 and 041-083-35) and boasts a prime location at the intersection of Highway 53 and Lakeshore Drive, ensuring high visibility and traffic exposure. The property is classified as Class C and features four units: three offices and one apartment. Currently operating at 100% occupancy, the building offers a stable income stream. Tenant occupancy includes a long-term tenant (20 years) and a Verizon lease extending to June 2027. Two other tenants are on month-to-month leases, providing flexibility. The asking price is $755,000, representing a price per square foot of $137.90 and a 7.00% cap rate. Built in 1970, the single-story building has undergone significant improvements, including a new roof and updated HVAC systems. Comprehensive maintenance records are available for review. Adding to its appeal, an adjoining parcel is included in the sale, presenting potential for expansion or future development. The property is zoned C2-SC-DD. This turnkey investment offers immediate cash flow and significant upside potential in a thriving Lake County market.

Highlights

  • Strong tenant history with long-term leases.
  • High-traffic corner location at Lakeshore and Hwy 53.
  • Excellent proximity to downtown amenities.
  • Includes adjacent land parcel.

Property Details for 4456 Manzanita Ave

Property type
Retail properties, Mixed-use properties
Square Feet
5,475 SF
Class
C
Year Built
1970
Stories
1
Lot Size (sq. ft)
41,818 SF
Units
4

Location Insight

City
Clearlake
County
Lake
State
California
Latitude
38.950737774278
Longitude
-122.62412536571
4456 Manzanita Ave, Clearlake, California

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4456 Manzanita Ave
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