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1170 N Main Street

Lakeport, CA 95453
  • $399,000
  • STATUS: Active
  • ON SITE: 84 Days
  • ID#: LC21191620
UPDATED: 18 min ago
$399,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent: Iris Angeleri of Pivniska Real Estate Group


Description

Great commercial location on Main Street in Lakeport! 3,000 SQFT building only 1 block up from the lake zoned C2. Unique investment opportunity with a current cap rate of 7.5% with additional income potential. "Pet Country" is a local favorite pet store with long term tenants. Tenants lease goes until the end of 2022 with an option to extend. Sale will also include the current note on the business. Other possible uses range from restaurants, real estate offices, doctor offices, health club etc. Grooming room on the side with its own separate entrance can be rented for additional monthly income. Parking on Main St plus an additional parking lot in the back of the property. Perfect opportunity for someone looking for an investment property with an instant return. Appointment only, please do not disturb store owners. Contact listing agent.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T07:26:33.377. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
www.rgahomes.com/homes/121418287
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1170 N Main Street Lakeport, CA 95453

  • Price: $399,000
  • Status: Active
  • On Site: 84 Days
  • Updated: 18 min ago
  • ID#: LC21191620
0
Beds
0
Baths
0
½ Baths
0.18
Acres
Neighborhood:
LCLPN - Lakeport North
County:
Lake
Area:
LCLPN - Lakeport North
Property Description
Great commercial location on Main Street in Lakeport! 3,000 SQFT building only 1 block up from the lake zoned C2. Unique investment opportunity with a current cap rate of 7.5% with additional income potential. "Pet Country" is a local favorite pet store with long term tenants. Tenants lease goes until the end of 2022 with an option to extend. Sale will also include the current note on the business. Other possible uses range from restaurants, real estate offices, doctor offices, health club etc. Grooming room on the side with its own separate entrance can be rented for additional monthly income. Parking on Main St plus an additional parking lot in the back of the property. Perfect opportunity for someone looking for an investment property with an instant return. Appointment only, please do not disturb store owners. Contact listing agent.
Exterior Features

Construction Materials DrywallStucco Fencing None Lot Features 0-1 Unit/AcreFront YardLevel Open Parking Spaces 4 Parking Total 4 Roof Composition

Interior Features

Cooling Evaporative Cooling Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Business Type Pet Store Cap Rate 7.5 Common Interest None Community Features Fishing Electric Standard Gross Scheduled Income 34800 Insurance Expense 2200 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Terms Conventional Net Operating Income 30320 Number Of Units Leased 1 Operating Expense 4480 Property Sub Type Retail Special Listing Conditions Standard Tax Annual Amount 2280 Tax Year 2020 Utilities Electricity ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public Zoning C2



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T07:26:33.377. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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RGA Homes | Coldwell Banker Realty
3790 Via De La Valle Suite 301
Del Mar CA, 92014
Listing Agent: Iris Angeleri of Pivniska Real Estate Group