14510 Lakeshore Drive, Clearlake, CA 95422
Listing Presented By
Country Air - Lakeport
Commercial Sale - Clearlake, CA
Live/Work, Bed & Breakfast, Commercial, Retail, Lake County Investment Property. Located in the design district, walking distance to parks and restaurants, with lake views. This multi use building has 2500 sf. of downstairs retail space (B&B + Storefront) and 4 rental units upstairs (also 2500 sf.). The building is in great shape and also includes a 5 car garage and 3 laundry rooms. All upstairs units are rented with good paying tenants. All rents are paid on time and all rents are current. 1500 sf of the downstairs is currently a luxury 3 bedroom 2 bath B&B and per owner is doing great and producing income revenue. 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 Retail Building and upstairs rentals. Incomes at listing had this investment at an 8% CAP Rate.
Built In: 1944
Last Updated: September 15, 2017
Posted: December 23, 2015