14098 Lakeshore DrClearlake, CA 95422

Property Details for 14098 Lakeshore Dr

Year built

1974

Lot size

0.12 AC

Property size (Sq ft)

2,550 SF

Property type

Retail space

APN

040-033-090-000

APU

40033090000

Description

This exceptional commercial retail building at 14098 Lakeshore Drive, Clearlake, CA, presents a compelling investment or business opportunity. The property boasts a highly desirable street-front location, ensuring maximum visibility and accessibility for potential customers. Situated on a 0.12-acre lot, the building is ideally positioned near a cluster of complementary businesses, including a restaurant, motel, gas station, and grocery store, creating a thriving commercial environment. The property is being sold as-is, offering a blank canvas for a new business venture or an investor seeking to capitalize on its prime location and existing infrastructure. Recent renovations and updates have enhanced the building's appeal and functionality, making it ready for immediate occupancy. Its central location within Clearlake, CA, guarantees high foot traffic and easy access for customers. The property's versatility makes it suitable for a wide range of retail or service-based businesses. This is a rare opportunity to acquire a well-located, updated commercial property in a growing area. The asking price is $589,000. Serious inquiries are encouraged. The property is ready for your business vision or investment goals. Don't miss this chance to secure a prime commercial space in a bustling Clearlake location.

• CAP approach

  CAP return

  Valuation

  6%

  $952,041

  6.5%

  $878,807

  7%

  $816,035

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,126,861

  Geo Method

  $917,504

• Alternative Use

  Use

  Valuation

  Residential

  $741,306

  Hospitality

  $679,033

  Educational

  $564,947

  Medical

  $584,377

  Retail

  $878,807

Location Insight

City

Clearlake

County

Lake

State

California

Latitude

38.9576

Longitude

-122.648

CBSA code

17340

CBSA name

CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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