15060 Lakeshore DrClearlake, CA 95422

Property Details for 15060 Lakeshore Dr

Year built

1963

Lot size

0.54 AC

Property size (Sq ft)

1,600 SF

Property type

Retail space

APN

040-330-220-000

APU

40330220000

Description

This exceptional retail property, located at 15060 Lakeshore Drive in Clearlake, California, 95422, presents a unique opportunity for businesses seeking a prominent location. The property offers a flexible ground lease or build-to-suit option, catering to various needs and expansion plans. The single-story building encompasses a total of 3,740 square feet, currently entirely vacant, and is divisible into units as small as 1,600 square feet, with a maximum contiguous space of 3,740 square feet. The property features two suites, providing versatility for multiple tenants or a single large occupant. Situated on a substantial 23,749 square foot lot, the property boasts excellent visibility and accessibility, enhanced by its proximity to Old Hwy 53. This prime location in Clearlake offers significant potential for businesses seeking high-traffic exposure and a strong customer base. The build-to-suit option allows for complete customization, ensuring the space perfectly aligns with the tenant's specific requirements and operational needs. This is an unparalleled chance to establish a thriving business in a desirable Clearlake location. The property's size and flexibility make it ideal for a variety of retail concepts. Don't miss this opportunity to secure a prominent retail presence in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $597,128

  6.5%

  $551,195

  7%

  $511,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $706,889

  Geo Method

  $575,689

• Alternative Use

  Use

  Valuation

  Residential

  $464,954

  Hospitality

  $425,895

  Educational

  $354,340

  Medical

  $366,526

  Retail

  $551,195

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

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