2509 Lakeshore BlvdLakeport, CA 95453

  • Retail properties
  • 1,864 SF
For Sale
$205,000 View listing

Property Details for 2509 Lakeshore Blvd

Year built
1957
Construction
WOOD
Lot size
0.26 AC
Property size (Sq ft)
1,864 SF
Zone code
CR
Property type
Retail properties
Property subtype
Turn key restaurants
APN
028-292-100-000
APU
28292100000

Description

This exceptional mixed-use property at 2509 Lakeshore Boulevard in Lakeport, CA, presents a unique investment opportunity. Boasting 1,864 square feet of interior space situated on a 0.26-acre lot (11,325 square feet), this building offers significant potential for a variety of commercial ventures. Previously operating as Anthony's Italian Restaurant, the property benefits from CR zoning, allowing for diverse uses such as a sports bar, taqueria, or community center. Its prime location directly across from the lake ensures high visibility and ample foot traffic. The building features a walk-in refrigerator and freezer, a commercial stove and dishwasher, and a fire suppression system. While the interior requires some updating, the existing commercial kitchen equipment provides a solid foundation for a food-service business. The property includes a private well for water, supplemented by a city water hookup. Exterior features include low-maintenance landscaping and convenient parking. The peek-a-boo lake view adds to the property's appeal and enhances its market value. This is a rare opportunity to acquire a well-located commercial property with significant upside potential in a desirable lakeside community. The property's size and zoning make it adaptable to a wide range of commercial uses, offering a strong return on investment for the discerning buyer. Priced at $205,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $751,741
    6.5%
    $693,915
    7%
    $644,349
  • Comparable approach

    Method
    Valuation
    Relative Method
    $861,934
    Geo Method
    $670,678
  • Alternative Use

    Use
    Valuation
    Residential
    $585,343
    Hospitality
    $536,171
    Educational
    $446,088
    Medical
    $461,430
    Retail
    $693,915
2509 Lakeshore Blvd, Lakeport, California

Location Insight

City
Lakeport
County
Lake
State
California
Latitude
39.0623
Longitude
-122.914
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
$1,916
$31,212
$93,636
$124,848
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