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Property profile & analytics
OFF-MARKET
Retail space

302 Main St Lakeport, CA 95453-4808

4,480 SF 0.09 ac lot Built 1884
Individually Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US09-2851558
Property summary
AI-generated overview

This exceptional mixed-use property, located at 302 N Main Street in the heart of downtown Lakeport, California, presents a unique investment opportunity. Situated on a 0.09-acre lot, this meticulously renovated building seamlessly blends historic character with contemporary amenities. A complete renovation from 2018 to 2022 spared no expense, resulting in a high-quality, modern masterpiece. The main level boasts fabulous retail or gallery space, ideal for a variety of businesses. This area features soaring 13-foot ceilings, showcasing gorgeous historic brick walls, complemented by modern high-end lighting, mini-split heating/cooling systems, ample storage, and a restroom. Upstairs, two luxury apartments, currently thriving as five-star vacation rentals, offer a separate street entrance and provide additional income potential. The property's prime location offers unparalleled visibility and accessibility, just steps from Lakeport's vibrant downtown area, including dining, shopping, and recreational activities. This is an exceptional chance to acquire a turnkey investment in Lake County's growing commercial real estate market, combining the allure of a historic building with the functionality of modern upgrades. The property is priced at $1,200,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1884
Construction TILT-UP CONCRETE
Total area 4,480 SF
Lot 0.09 ac (3,920 SF)
APN 025-383-190-000
UPID US09-2851558
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lakeport Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Tracy S Torano · 8 yrs held
Tracy S Torano
since 2018
4 recorded transactions
2018
Price N/A
2018
$260,000
1985
Price N/A
1982
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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