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