2509 Lakeshore BlvdLakeport, CA 95453
- Retail properties
- 1,864 SF
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
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
Comparable in this City
Similar Nearby for Sale
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