390 Forbes StLakeport, CA 95453

Property Details for 390 Forbes St

Year built

1957

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

1,273 SF

Property type

Office properties

Property subtype

Office buildings

APN

025-376-100-000

APU

25376100000

Description

This exceptional 1,273 square foot office building is situated just one block from Main Street in the vibrant city of Lakeport, California. The property sits on a conveniently sized 0.12-acre lot and is offered at $325,000. The building boasts a thoughtfully designed layout, perfect for a variety of business uses. Upon entering, you'll find a welcoming lobby and a dedicated reception office, setting a professional tone for clients and visitors. A spacious conference room, featuring large windows that provide ample natural light, is ideal for meetings and presentations. Three private offices offer individual workspaces for enhanced productivity and privacy. The property also includes a convenient kitchenette, a full bathroom, and the added benefit of four off-street parking spaces, eliminating the hassle of street parking. This strategically located workspace offers essential amenities, making it an attractive option for businesses seeking a comfortable and functional office environment in a desirable location. The combination of prime location, ample parking, and well-designed interior space makes this property a truly exceptional opportunity. Don't miss out on this chance to secure a thriving business location in the heart of Lakeport.

• CAP approach

  CAP return

  Valuation

  6%

  $349,248

  6.5%

  $322,382

  7%

  $299,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $233,591

  Geo Method

  $181,759

• Alternative Use

  Use

  Valuation

  Residential

  $399,754

  Hospitality

  $366,173

  Educational

  $304,651

  Medical

  $315,129

  Retail

  $473,902

Location Insight

City

Lakeport

County

Lake

State

California

Latitude

39.0445

Longitude

-122.916

CBSA code

17340

CBSA name

CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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