1060 Main StLakeport, CA 95453

Property Details for 1060 Main St

Year built

1961

Construction

WOOD

Lot size

2.02 AC

Property size (Sq ft)

1,384 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

026-291-030-000

APU

26291030000

Description

This exceptional mixed-use property at 1060 Main Street, Lakeport, CA, presents a unique investment opportunity. Spanning nearly two acres (1.99 acres to be exact), this prime location boasts 3,550 square feet of developed space and offers a diverse range of income streams. The property includes a thriving cafe, three commercial shop/office spaces, a single-family house, and a duplex, providing immediate rental income potential. In addition, there are 24 mobile/RV spaces, catering to a growing tourism market. The property's significant street frontage ensures high visibility and ample parking for all tenants and visitors. Further enhancing the property's appeal are additional storage and laundry facilities equipped with coin-operated washers and dryers. A key feature is the extensive 142 feet of lakefront access, complete with a pier, dock, and covered deck, offering breathtaking views of Mount Konocti. The property is conveniently connected to city water and sewer services. Its strategic location near hotels and within walking distance of downtown Lakeport and a multi-use lakefront park provides unparalleled convenience and accessibility. This is a rare opportunity to acquire a well-established, income-generating property in a desirable lakeside setting. The asking price is $1,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $379,700

  6.5%

  $350,493

  7%

  $325,458

• Comparable approach

  Method

  Valuation

  Relative Method

  $253,959

  Geo Method

  $197,608

• Alternative Use

  Use

  Valuation

  Residential

  $434,611

  Hospitality

  $398,101

  Educational

  $331,216

  Medical

  $342,607

  Retail

  $515,224

Location Insight

City

Lakeport

County

Lake

State

California

Latitude

39.0488

Longitude

-122.914

CBSA code

17340

CBSA name

CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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