501 Main StLakeport, CA 95453

Property Details for 501 Main St

Year built

1974

Construction

TILT-UP CONCRETE

Lot size

0.12 AC

Property size (Sq ft)

1,900 SF

Property type

Office properties

Property subtype

Office buildings

APN

025-372-060-000

APU

25372060000

Description

This exceptional 1,900 square foot commercial office building at 501 Main Street, Lakeport, CA, presents a unique investment opportunity. Situated on a 0.12-acre lot, the property boasts a charming brick exterior and is in excellent condition. A new roof was installed just three years ago, ensuring long-term cost savings. The building features three individual office spaces, each complete with its own restroom and separate utility meters, offering flexibility for a single tenant or multiple occupants. The substantial benefit of ten dedicated parking spaces is a rare find in this desirable downtown location. This prime real estate is ideally suited for investors seeking a strong return or business owners looking for a prestigious address. Its central location provides unparalleled convenience, with easy walking access to a vibrant array of amenities. These include numerous restaurants, attractive parks, the scenic lake, the courthouse, and a selection of high-quality shops. This property offers a blend of historical charm and modern functionality, making it an exceptional opportunity in a highly sought-after area of Lakeport. The asking price is $325,000.

• CAP approach

  CAP return

  Valuation

  6%

  $521,265

  6.5%

  $481,168

  7%

  $446,799

• Comparable approach

  Method

  Valuation

  Relative Method

  $348,643

  Geo Method

  $271,282

• Alternative Use

  Use

  Valuation

  Residential

  $596,648

  Hospitality

  $546,526

  Educational

  $454,703

  Medical

  $470,341

  Retail

  $707,316

Location Insight

City

Lakeport

County

Lake

State

California

Latitude

39.0454

Longitude

-122.915

CBSA code

17340

CBSA name

CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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