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52 Soda Bay Rd 23,779 SF Retail Building Lakeport, CA 95453 $1,750,000 ($73.59/SF)
INVESTMENT HIGHLIGHTS
- Excellent access, frontage and visibility.
- Located in an established commercial corridor that boasts many well-known brands, as well as smaller one-of-a-kind businesses.
- Ample parking available for shoppers and employees.
- Close proximity to the City's new Lakefront Park.
- High-performing intersection with excellent visibility from HWY 29
- 2022 Capital Expenditures include a roof replacement, new enhanced lighting, new carpeting and seats.
EXECUTIVE SUMMARY
Investment opportunity in Beautiful Lake County! The Lakeport Cinema 5 and Auto Movie Drive-In is looking for a new owner. The Drive-In is one of the very few remaining in California! This property consists of 4 Parcels in total. The Cinema is approximately 18,620sqft with a 1919sqft mezzanine on 3.5± acres. The Auto Movie Drive-in has its own 3240sqft projection room, concession stand, and restrooms all situated on 8.1± acres. One of the additional undeveloped parcels is approximately 5.9± acres and is sitting on the prime street frontage of Soda Bay Road. This Property is ideally located off Main Street and Soda Bay Road with Visibility from HWY 29. The remaining parcel is 8.4± acres located in the wetlands. Recent 2022 upgrades included a roof replacement, new enhanced lighting, new carpeting and seats.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Movie Theater
Building Size
23,779 SF
Year Built
1998
Price
$1,750,000
Price Per SF
$73.59
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
25.73 AC
Zoning
C3 - Commercial, other uses include other retail and office.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,447,337 | |
| Land Assessment | $642,296 | Total Assessment | $4,089,633 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$642,296
Improvements Assessment
$3,447,337
Total Assessment
$4,089,633
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52 Soda Bay Rd
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