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    OFF-MARKET
    Investment properties

    14400 Lakeshore Dr, Clearlake, CA 95422-8119

    584 SF 0.13 ac lot Built 1936
    Individually Owned 11-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US10-2537359
    Property summary
    AI-generated overview

    This exceptional mixed-use investment opportunity presents three commercial buildings nestled in the heart of downtown Clearlake, California. The property boasts a total of 1,500 square feet situated on a 0.13-acre lot. Its enviable location places it directly across from the lake, offering unparalleled visibility and appeal. The configuration of three separate buildings presents a unique advantage for investors seeking diverse income streams. The potential exists to occupy one building while generating rental income from the other two, creating a lucrative and convenient investment strategy. This property is ideal for a variety of uses, from retail and office spaces to residential conversions, subject to local zoning regulations. The buildings' proximity to the lake provides a significant draw for potential tenants and customers, enhancing the overall value and desirability of the investment. The property's central downtown location ensures high foot traffic and easy access to local amenities. This is a rare chance to acquire a substantial commercial property in a thriving lakeside community at an attractive price point of $208,500. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1936
    Total area 584 SF
    Lot 0.13 ac (5,662 SF)
    APN 040-162-230-000
    UPID US10-2537359
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Alton D Ferrin JR. · 11 yrs held
    Alton D Ferrin JR.
    since 2014
    7 recorded transactions
    2014
    $74,500
    2013
    $75,000
    2010
    $165,159
    2008
    2008
    1998
    $11,500
    1996
    $16,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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