For Sale
$775,000

14420 Lakeshore DrClearlake, CA 95422

High-Yield, Fully Leased Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
115
The Smith Building, a Class C, multi-tenant office property located at 14420 Lakeshore Dr, Clearlake, CA 95422, presents a compelling investment opportunity. This 6,600 square foot building sits on a 0.47-acre lot and is comprised of one building with six units, including three retail/office spaces, a storage unit, and two residential units. Currently operating at 100% occupancy with four tenants under a net lease, the property generates immediate income. The asking price is $775,000, representing a price per square foot of $117.42 and a 5.50% cap rate. The property is zoned for commercial use and features ample onsite parking. Its prime location in Clearlake offers convenient access to shopping, dining, and public transportation, while also being situated near the attractive Clear Lake and numerous wineries. The property's well-maintained condition ensures a hassle-free ownership experience, making it ideal for investors seeking a live-work setup or an Airbnb investment. The APN is 040-162-030 / 040-162-240 / 040-162-250. Owner financing is available.

Highlights

  • Fully occupied Class C multi-tenant office building.
  • Prime Clearlake location near shopping, dining, and public transit.
  • Well-maintained, 6,600 SF building on a 0.47-acre lot with ample parking.
  • Six units: three retail/office, one storage, two residential.
  • $775,000 asking price, 5.50% cap rate, $117.42/SF.

Property Details for 14420 Lakeshore Dr

Property type
Office properties
Square Feet
6,600 SF
Class
C
Buildings
1
Lot Size (sq. ft)
20,473 SF
Units
6

Location Insight

City
Clearlake
County
Lake
State
California
Latitude
38.9529491
Longitude
-122.6427133
14420 Lakeshore Dr, Clearlake, California

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14420 Lakeshore Dr
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