Property summary
This exceptional Clearlake retail property, situated on Lakeshore Drive, presents a compelling investment opportunity. The main building, totaling 2,880 square feet, has undergone a recent renovation, including repainting and extensive repairs. This versatile space is ideal for a variety of retail or warehouse uses and features a convenient loading dock, central heating, and air conditioning. A separate 1,500-square-foot garage/storage building provides ample additional storage capacity. Both structures have been freshly repainted, showcasing a modern and well-maintained aesthetic. The property sits on a 0.28-acre lot, providing ample space for operations and potential future expansion. Significant upgrades exceeding $200,000 have been completed, ensuring a turnkey operation for the new owner. A new three-year lease, commencing November 2024, guarantees a stable income stream, minimizing vacancy risk and maximizing return on investment. This property offers a rare combination of prime location, modern amenities, and a secure lease, making it an attractive proposition for discerning investors seeking a strong return in the thriving Clearlake market. The asking price is $449,000.
Property profile
VerifiedCap rate & NOI
Current use
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Courier Service Postal Service
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Big Box & Wholesale Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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