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Russel 301 Building 301 N Main St 9,000 SF 100% Leased Retail Building Lakeport, CA 95453 $650,000 ($72.22/SF) 6.69% Cap Rate



INVESTMENT HIGHLIGHTS
- Main Street Frontage
- Close to downtown parks and lake
- Close to restaurants, shops and public transportaion
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity in Downtown Lakeport! This prime commercial building, located on Main Street, boasts over 9000 sq.ft. comprising 5 retail shops and one residence. All units are currently leased to stable tenants, providing instant income and value for a savvy investor. The high-traffic location guarantees maximum visibility for businesses, while the proximity to shops, restaurants, the Courthouse, parks, and Clear Lake make it a sought-after spot for both locals and tourists. Investors can capitalize on the bustling commercial activity, adding further value to this strategically positioned property in the heart of Lakeport. Don't miss out on this rare chance to own a successful income-generating property in a rapidly growing area. Take advantage of this unique opportunity to grow your portfolio in Downtown Lakeport!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
9,000 SF
Year Built
1910
Price
$650,000
Price Per SF
$72.22
Cap Rate
6.69%
NOI
$43,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.03
Lot Size
0.20 AC
Zoning
Central Business
Frontage
85’ on 3rd St.
AMENITIES
- Corner Lot
- Storage Space
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 025-376-130-000 | Improvements Assessment | $301,361 |
| Land Assessment | $105,466 | Total Assessment | $406,827 |
PROPERTY TAXES
Parcel Number
025-376-130-000
Land Assessment
$105,466
Improvements Assessment
$301,361
Total Assessment
$406,827
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Russel 301 Building | 301 N Main St
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