3940 Main St Kelseyville, CA 95451-7423
- Retail space
- 1,250 SF
- 0.07 lot acres
Current Use by Public Records
- Bottlerock Candle Studio / Store
Property Details for 3940 Main St
- Year built
- 1942
- Lot size
- 0.07 lot acres
- Property size
- 1,250 SF
- Zone code
- C2
- Property type
- Retail space
- APN
- 024-122-030-000
- APU
- 24122030000
Description
This exceptional retail property, situated at 3940 Main Street in the heart of Kelseyville, California, presents a unique investment opportunity. Boasting a highly visible location on Main Street, this building benefits from an estimated 3,600 daily car traffic counts and significant foot traffic, making it ideal for a variety of retail businesses. The 0.07-acre lot includes two convenient rear parking spaces. Inside, the building features one bathroom and three sinks, offering practical functionality for retail operations. Recent improvements enhance its appeal, including a newly installed heating and air conditioning unit, a fresh coat of exterior paint, and a new metal awning. The property's central location places it at the epicenter of Kelseyville's vibrant community life, perfectly positioned to capitalize on popular events such as the Kelseyville Pear Festival and the Kelseyville Light Parade. The lively atmosphere of Main Street, known for its summer street concerts, public events, and diverse array of shops and restaurants, provides a thriving environment for any retail venture. This is a rare chance to acquire a well-maintained, highly visible retail space in a desirable and active downtown location. The asking price is $245,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $220,000
- 6.5%
- $245,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $250,000
- Geo Method
- $220,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $265,000
- Mixed-Use
- $230,000
- Hospitality
- $200,000
- Educational
- $235,000
- Residential Income
- $205,000
- Energy
- $255,000
- Income-Based Land
- $230,000
- Food Service
- $215,000
Location Insight
- Map
- Local Demand
- City
- Kelseyville
- County
- Lake
- State
- California
- Longitude
- -122.838
- Latitude
- 38.9781
- CBSA code
- 17340
- CBSA name
- CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA