301 Main StLakeport, CA 95453

Property Details for 301 Main St

Year built

1900

Construction

TILT-UP CONCRETE

Lot size

0.20 AC

Property size (Sq ft)

7,425 SF

Property type

Retail space

APN

025-376-130-000

APU

25376130000

Description

This exceptional investment opportunity presents a prime, 10,000-square-foot commercial building situated at 301 N Main St, Lakeport, CA 95453. The property, built in 1910 and boasting a C2 zoning permit, comprises six units: five retail storefronts and one residential unit, all currently leased at 100% occupancy. The net rentable area totals 9,050 square feet, with an asking price of $725,000, translating to $72.50 per square foot. The property sits on an 8,712-square-foot lot (APN: 025-376-130) and generates a pro-forma NOI of $68,400, resulting in a 9.43% pro-forma cap rate. This high-traffic location on Main Street offers maximum visibility and is conveniently close to shops, restaurants, the courthouse, parks, and Clear Lake, ensuring strong tenant demand and consistent income. The building's strong tenant base provides immediate cash flow, making it an attractive investment for those seeking a stable, income-generating property in a thriving downtown area. This is a rare opportunity to acquire a well-established, multi-tenant retail portfolio in the heart of Lakeport, California. The property's location and current occupancy make it a compelling investment prospect with significant potential for future growth.

• CAP approach

  CAP return

  Valuation

  6%

  $2,281,180

  6.5%

  $2,105,700

  7%

  $1,955,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,416,960

  Geo Method

  $1,102,550

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,051,210

  Mixed-Use / Specialty

  $2,120,470

  Hospitality / Lodging

  $1,584,720

  Office

  $2,131,070

  Institutional / Educational

  $2,212,390

  Residential Income

  $2,588,500

  Multifamily

  $2,981,030

  Automotive / Energy

  $1,896,330

  Parking / Income-Based Land

  $632,398

  Restaurant / Food Service

  $1,150,400

  Healthcare / Senior Housing

  $2,151,660

Location Insight

City

Lakeport

County

Lake

State

California

Latitude

39.0441

Longitude

-122.915

CBSA code

17340

CBSA name

CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].