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 properties

Property subtype

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%

  $2,994,462

  6.5%

  $2,764,118

  7%

  $2,566,682

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,433,400

  Geo Method

  $2,671,556

• Alternative Use

  Use

  Valuation

  Residential

  $2,331,637

  Hospitality

  $2,135,767

  Educational

  $1,776,933

  Medical

  $1,838,045

  Retail

  $2,764,118

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

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