199 Main StLakeport, CA 95453

Property Details for 199 Main St

Year built

1929

Construction

TILT-UP CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

4,920 SF

Property type

Office properties

Property subtype

Office buildings

APN

025-404-050-000

APU

25404050000

Description

This stunning 1929 building, located at 199 N Main Street in the heart of historic downtown Lakeport, California, presents a unique commercial opportunity. Situated on a 0.06-acre lot, just blocks from the lake, this former Bank of Italy/Bank of America building has been lovingly restored, retaining its original charm while offering modern functionality. Features include beautifully preserved hand-painted beams, elegant travertine floors, a spacious mezzanine level adding significant square footage, and a large skylight that floods the interior with natural light. A captivating hand-painted mural adds to the building's character. The property boasts massive windows, providing excellent natural light and street visibility. Currently configured as a non-operational antique store, this versatile space offers a multitude of potential uses for a discerning buyer. The property is ready for quick occupancy, allowing for a swift transition to your business operations. Its prime location in the vibrant downtown area ensures high visibility and accessibility. This is a rare chance to own a piece of Lakeport's history and establish a thriving business in a desirable setting. The building's unique architectural details and spacious layout create an exceptional opportunity for a variety of commercial ventures. Don't miss this chance to acquire this exceptional property for $750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,349,802

  6.5%

  $1,245,971

  7%

  $1,156,973

• Comparable approach

  Method

  Valuation

  Relative Method

  $902,802

  Geo Method

  $702,478

• Alternative Use

  Use

  Valuation

  Residential

  $1,545,004

  Hospitality

  $1,415,216

  Educational

  $1,177,443

  Medical

  $1,217,937

  Retail

  $1,831,578

Location Insight

City

Lakeport

County

Lake

State

California

Latitude

39.043

Longitude

-122.915

CBSA code

17340

CBSA name

CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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