14624 Lakeshore DrClearlake, CA 95422
- Retail properties
- 0.45 AC
Property Details for 14624 Lakeshore Dr
- Year built
- 1900
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.45 AC
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 040-194-290-000
- APU
- 40194290000
Description
This exceptional mixed-use property, located at 14624 Lakeshore Drive in Clearlake, California, presents a lucrative investment opportunity. The expansive 20,473 square foot building sits on a 0.45-acre lot and boasts a prime Lakeshore location with convenient street-to-street access. The property's diverse income stream is generated by a well-established tenant mix, including a large warehouse, one retail space featuring a drive-through window, and five individual offices. All spaces are currently leased, ensuring a consistent and substantial return on investment. Ample parking is provided with 20 designated spots. The property is meticulously maintained and benefits from recent upgrades, including a newer roof and HVAC system. This turnkey operation offers a rare chance to acquire a high-performing commercial property in a desirable location with significant income potential. The property's size, diverse tenant base, and strategic location make it an ideal investment for both seasoned and emerging commercial real estate investors seeking a stable and profitable venture. The strong rental income and minimal maintenance requirements contribute to a highly attractive return on investment. This is a truly exceptional opportunity not to be missed.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $7,317,904
- 6.5%
- $6,754,988
- 7%
- $6,272,490
-
Comparable approach
- Method
- Valuation
- Relative Method
- $8,661,903
- Geo Method
- $7,052,910
-
Alternative Use
- Use
- Valuation
- Residential
- $5,698,086
- Hospitality
- $5,219,416
- Educational
- $4,342,492
- Medical
- $4,491,838
- Retail
- $6,754,988
Location Insight
- City
- Clearlake
- County
- Lake
- State
- California
- Latitude
- 38.9508
- Longitude
- -122.639
- 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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