15025 Olympic Dr Clearlake, CA 95422

This vacant, free-standing retail building, formerly occupied by Rite Aid, is located at 15025 Olympic Drive & 3500 Old Hwy 53 in Clearlake, California. Constructed in 2009, the single-story building has a size of approximately 17,334 square feet and is situated on two parcels totaling approximately 2.32 acres. The site features a drive-thru and two curb cuts, providing convenient access, along with 78 surface parking spaces. Positioned at a hard-corner, signalized intersection, the property benefits from excellent visibility, with approximately 365 feet of frontage on Olympic Drive and approximately 225 feet of frontage on Old Highway 53. The property is zoned C, Commercial, offering flexible zoning that accommodates a broad range of retail, service, and commercial uses. The location is in Clearlake, the largest city in Lake County and the county’s primary retail, service, and population center. The immediate trade area is supported by government offices, schools, and municipal services. Regional connectivity is provided via SR53 and State Route 20, offering direct access to Lakeport and connecting Clearlake to Interstate 5 via Williams and Interstate 80 via Colusa. The surrounding 5-mile trade area is home to more than 23,250 residents with an average household income of approximately $76,500. The property is located caddy-corner to a Safeway-anchored retail center, benefiting from grocery-driven traffic. It is also situated within a federally designated Opportunity Zone, potentially offering tax advantages.