15080 Lakeshore DrClearlake, CA 95422
- Retail properties
- 0.17 AC
Property Details for 15080 Lakeshore Dr
- Year built
- 1900
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.17 AC
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 040-330-160-000
- APU
- 40330160000
Description
This exceptional commercial property, located at 15080 Lakeshore Drive in Clearlake, California, presents a unique investment opportunity. The 1,000-square-foot building sits on a 0.17-acre lot and currently houses a well-established Chinese restaurant. This turnkey operation offers immediate income potential for a savvy buyer. The sale includes the real estate and the existing business, providing a seamless transition for the new owner. The property's prime location on Lakeshore Drive ensures high visibility and accessibility, attracting a steady stream of customers. The restaurant itself boasts a long history in the community, building a loyal clientele over many years. This presents a rare chance to acquire a profitable, established business with significant growth potential. The building is ready for immediate occupancy, minimizing any downtime or renovation costs. The 0.17-acre lot provides ample space for potential expansion or outdoor seating, further enhancing the property's value and appeal. This is an ideal opportunity for an entrepreneur looking to enter the restaurant industry or an investor seeking a stable, income-generating asset. The asking price of $280,000 represents a compelling value for this established business and prime real estate. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,763,584
- 6.5%
- $2,551,000
- 7%
- $2,368,786
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,271,570
- Geo Method
- $2,664,360
-
Alternative Use
- Use
- Valuation
- Residential
- $2,151,864
- Hospitality
- $1,971,096
- Educational
- $1,639,929
- Medical
- $1,696,328
- Retail
- $2,551,000
Location Insight
- City
- Clearlake
- County
- Lake
- State
- California
- Latitude
- 38.9501
- Longitude
- -122.63
- 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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