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    OFF-MARKET
    Retail space

    14802 Lakeshore Dr, Clearlake, CA 95422-8163

    2,880 SF 0.17 ac lot Built 1960
    Individually Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-2652285
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1960
    Total area 2,880 SF
    Lot 0.17 ac (7,405 SF)
    APN 040-234-350-000
    UPID US09-2652285
    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
    Current use
    Occupant on record · Public records
    • UPS Authorized Shipping Outlet Courier Service Postal Service
    • Clearlake Paper-Janitorial Supply Big Box & Wholesale Store
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Aman Negash Awalom · 3 yrs held
    Aman Negash Awalom
    since 2023
    6 recorded transactions
    2023
    2019
    2018
    $125,000
    2015
    $80,000
    1997
    1983
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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