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650 N Main St 4,580 SF 100% Leased Retail Building Lakeport, CA 95453 $1,197,000 ($261.35/SF) 6.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Seller Financing Available
- Strong, Stable & Secure Tenants Paying Market Rents with rent escalations
- Prime Downtown Location on Main Street
- CAP RATE: 6.44% (2026)
- Low Vacancy Risk
- Waterfront
EXECUTIVE SUMMARY
This downtown retail / commercial building is available and ready for new ownership. The 4,725+/- sq.ft. building consists of 2 quality & secure retail office Tenants;
Westamerica Bank & Lincoln-Leavitt Insurance Agency, Inc. With 100% of the building is occupied by strong & secure tenants, Long Term Leases with annual
increases, low vacancy risk and an excellent downtown Lakeport location, it instantly provides income and value to a new owner.
The building is situated on Main Street, making this a prime, high traffic, location for businesses. This building is within walking distance of shops, restaurants, Courthouse, parks, boat ramps and beautiful Clear Lake, making it a unique investment opportunity.
Stabilized Income: Currently scheduled to generate an approximate 6.44% cap rate effective on January 1, 2025 with the new renewal rate from the Bank Tenant.
Secure Market Rent: Tenants are paying secure market rents, ensuring solid returns and an attractive income stream.
Flexible Exit Strategy: Ideal for long-term investors or future owner-users seeking to occupy a portion of the property at lease expiration in December 2026.
Strategic Location: Situated on Main Street, making this a prime, high traffic, location for businesses.
Land-Rich Downtown Asset: .33 acre parcel (~14,375 sq. ft. provides a rare off-street parking lot for visitors and Tenants. Possible development potential or future expansion
This is a rare chance to secure a prime retail asset with built-in cash flow, and owner user flexibility.
SELLER FINANCING AVAILABLE
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Banking
- Signage
- Tenant Controlled HVAC
- Waterfront
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Lincoln Leavitt Insurance Agency Inc
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
-
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Westamerica Bancorporation is the holding company for Westamerica Bank, a regional community bank providing consumer and commercial financing with branches throughout Northern and Central California. First chartered in 1884, they've grown into one of the largest commercial banks headquartered in California, and one of the most stable community banks in the nation. Westamerica Bancorporation maintains exceptional asset quality, and their capital ratios exceed regulatory standards for "well-capitalized" companies. Their outstanding loan quality, loan loss reserve, earnings, and capital ratios place them among the top-performing financial institutions in the nation for financial health and safety. Westamerica receives continued recognition by analysts as a very healthy community banking company. Their senior management team has been a steady force, attesting to their clear, consistent direction and long-term stability.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Lincoln Leavitt Insurance Agency Inc | Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 025-601-080-000 | Improvements Assessment | $611,363 |
| Land Assessment | $142,172 | Total Assessment | $753,535 |
PROPERTY TAXES
Presented by
Joseph Gusich
650 N Main St
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