14624 Lakeshore DrClearlake, CA 95422

Property Details for 14624 Lakeshore Dr

Year built

1900

Construction

TILT-UP CONCRETE

Lot size

0.45 AC

Property type

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.

• 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

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