2509 Lakeshore BlvdLakeport, CA 95453

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

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.

• 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

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

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