14624 Lakeshore DrClearlake, CA 95422

  • Retail properties
  • 0.45 AC
For Sale
$550,000 View listing

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
14624 Lakeshore Dr, Clearlake, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,637
$42,458
$111,207
$153,665
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