Property profile

302 Main St Lakeport, CA 95453

OFF-MARKET
Retail space
Property ID
US09-2851558
4,480 SF 0.09 ac lot Built 1884
Individually Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 302 N Main Street in the heart of downtown Lakeport, California, presents a unique investment opportunity. Situated on a 0.09-acre lot, this meticulously renovated building seamlessly blends historic character with contemporary amenities. A complete renovation from 2018 to 2022 spared no expense, resulting in a high-quality, modern masterpiece. The main level boasts fabulous retail or gallery space, ideal for a variety of businesses. This area features soaring 13-foot ceilings, showcasing gorgeous historic brick walls, complemented by modern high-end lighting, mini-split heating/cooling systems, ample storage, and a restroom. Upstairs, two luxury apartments, currently thriving as five-star vacation rentals, offer a separate street entrance and provide additional income potential. The property's prime location offers unparalleled visibility and accessibility, just steps from Lakeport's vibrant downtown area, including dining, shopping, and recreational activities. This is an exceptional chance to acquire a turnkey investment in Lake County's growing commercial real estate market, combining the allure of a historic building with the functionality of modern upgrades. The property is priced at $1,200,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1884
Construction TILT-UP CONCRETE
Total area 4,480 SF
Lot 0.09 ac (3,920 SF)
APN 025-383-190-000
UPID US09-2851558

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store

Location

302 Main St Lakeport, CA 95453-4808
Lakeport metro Census 402 CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2018
4 recorded transactions
2018
Price N/A
2018
$260,000
1985
Price N/A
1982
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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