21249 None Middletown, CA 95461
This exceptional Middletown property, located at 21249 Hwy 175, offers a unique blend of immediate income potential and future development opportunities. Currently configured as a church with integrated office spaces and a large event room complete with a well-equipped kitchen, the property presents versatile functionality. The building sits on a 0-acre lot and is priced at $875,000. A significant advantage is the dual R1 and R2 zoning, resulting from the recent consolidation of two parcels. This dual zoning opens the door to a variety of uses, including multi-family development, maximizing the property's investment potential. Its strategic location along Hwy 175 ensures high visibility, benefiting from a daily traffic count exceeding 3200 vehicles. Further enhancing its accessibility, the property is just a block from Hwy 29, with over 11,000 vehicles passing daily. This prime location makes it ideal for a range of uses, from establishing a family compound to developing a lucrative multi-family residential project. The property's combination of existing income streams and future development potential makes it a compelling investment opportunity in the thriving Middletown market, the gateway to Lake County. The square footage is not currently available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.