14510 Lakeshore Drive, Clearlake, CA 95422
Listing Presented By
Commercial Sale - Clearlake, CA
Lake County Investment Property. Located in the design district with beautiful lake views and walking distance to parks and restaurants this multi use building has 2500 sq. ft. of retail space downstairs and 2500 sq. ft. for the 4 rental units upstairs. The building is in great shape and also includes a 5 car garage and 3 laundry room. All upstairs units are rented with good paying tenants. All rents are paid on time and all rents are current. 1000 sq. ft. of the downstairs is currently occupied by the owner and is a salon. Owner is willing to transfer the salon business to the new owner if interested. The balance of the downstairs (1500 sq. ft.) is currently a luxury 3 bedroom B and B and as per the owner is doing great and producing additional income. This part of the building could also be a great opportunity for a new business or a personal vacation house while still getting instant income from the upstairs rentals. Current income brings this investment to a 10.5% CAP Rate.
Built In: 1944
Last Updated: February 2, 2017
Posted: December 23, 2015