4590 Frye AveClearlake, CA 95422
- Office properties
- 799 SF
Property Details for 4590 Frye Ave
- Year built
- 1965
- Lot size
- 0.12 AC
- Property size (Sq ft)
- 799 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 040-235-040-000
- APU
- 40235040000
Description
This exceptional investment opportunity presents two Class C mixed-use buildings totaling 2,000 square feet of net rentable space, situated on a high-visibility corner lot in Clearlake, California. The property, located at 4590 Frye Ave, Clearlake, CA 95422 (APN: 040-235-040 and 040-235-030), boasts a prime location at the intersection of Lakeshore Drive and Highway 53, ensuring significant exposure to high traffic volume. Built in 1966, this single-story complex features two units currently occupied by a thrift shop and an office, both on month-to-month leases and expressing interest in remaining. The sale includes ample parking both in front and behind the buildings, thanks to an additional parcel. The property is zoned C2 and benefits from its proximity to various amenities, including stores, shops, restaurants, gas stations, and public transportation. This owner/user investment opportunity is priced at $269,000 and offers a strong potential for immediate income and future appreciation. The property's strategic location and existing tenancy make it an attractive proposition for investors seeking a stable, cash-flowing asset in a thriving community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $202,866
- 6.5%
- $187,261
- 7%
- $173,885
-
Comparable approach
- Method
- Valuation
- Relative Method
- $140,086
- Geo Method
- $114,081
-
Alternative Use
- Use
- Valuation
- Residential
- $232,203
- Hospitality
- $212,697
- Educational
- $176,962
- Medical
- $183,048
- Retail
- $275,273
Location Insight
- City
- Clearlake
- County
- Lake
- State
- California
- Latitude
- 38.9502
- Longitude
- -122.632
- CBSA code
- 17340
- CBSA name
- CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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