10920 Lakeshore Dr Clearlake, CA 95422
This exceptional 6.5-acre California lakefront property presents a unique multi-use investment opportunity. The property includes 29 mobile home lots and 30 residential bare parcels, offering diverse income streams. Existing improvements comprise a convenience store, a fully equipped restaurant with indoor and outdoor seating, a cabin, and a 250-foot commercial dock with a boat fueling station and ramp. Four gas pumps are also on-site. The property boasts 500 feet of lake frontage and stunning views of Mount Konocti. Built in 1983 and renovated in 2015, the three buildings sit on a 6.5-acre lot zoned CR. The total net rentable square footage is 5,000. This value-add opportunity is offered under a net lease with multiple tenants and is suitable for a 1031 exchange. The property's APN is 036-311-030. This is a fee simple ownership.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.