650 N Main St - Bank FOR SALE


Lakeport, CA 95453
$1,197,000 USD
805-886-8576
650 N Main St, Lakeport, CA for Sale
$1,197,000 USD
Bank - FOR SALE
1/9
null | 6.44% Cap Rate

Jan '26


650 N Main St
Lakeport, CA 95453


HIGHLIGHTS

  • Seller Financing Available
  • CAP RATE: 6.44% (2026)
  • Strong, Stable & Secure Tenants Paying Market Rents with rent escalations
  • Low Vacancy Risk
  • Prime Downtown Location on Main Street
  • Waterfront

OVERVIEW

Lakeport, California is a charming lakeside town offering scenic beauty, a relaxed lifestyle, and strong community appeal in the heart of wine country. This downtown retail / commercial building is available and ready for new ownership. The 4,725+/- sq.ft. building consists of 2 quality & secure retail office Tenants; Westamerica Bank & Lincoln-Leavitt Insurance Agency, Inc. With 100% of the building is occupied by strong & secure tenants, Long Term Leases with annual increases, low vacancy risk and an excellent downtown Lakeport location, it instantly provides income and value to a new owner. The building is situated on Main Street, making this a prime, high traffic, location for businesses. This building is within walking distance of shops, restaurants, Courthouse, parks, boat ramps and beautiful Clear Lake, making it a unique investment opportunity. Stabilized Income: Currently scheduled to generate an approximate 6.44% cap rate effective on January 1, 2025 with the new renewal rate from the Bank Tenant. Secure Market Rent: Tenants are paying secure market rents, ensuring solid returns and an attractive income stream. Flexible Exit Strategy: Ideal for long-term investors or future owner-users seeking to occupy a portion of the property at lease expiration in December 2026. Strategic Location: Situated on Main Street, making this a prime, high traffic, location for businesses. Land-Rich Downtown Asset: .33 acre parcel (~14,375 sq. ft. provides a rare off-street parking lot for visitors and Tenants. Possible development potential or future expansion This is a rare chance to secure a prime retail asset with built-in cash flow, and owner user flexibility. SELLER FINANCING AVAILABLE

FOR SALE DETAILS

PRICE

$1,197,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

6.44%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

CB

APN/PARCEL ID

025-601-080-000

ASK ABOUT THIS PROPERTY

Joseph GusichJoseph GusichMore Info
805-886-8576

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Joseph GusichJoseph GusichMore Info
805-886-8576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.