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24423777
24423776

650 N Main St, Lakeport, CA 95453 For Sale

JG
CA 01245084
Blue Jay Way, LLC
Listed by Blue Jay Way, LLC
Unpriced
369 days on market
Updated 53 days ago
Under Contract

Retail Investment in Lakeport, CA

Details
APN 025-601-080-000
Property Type Office, Retail
Sub Type Bank
Square Footage 4,725
Net Rentable (SqFt) 4,725
Units 2
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 16
Lease Expiration 12/31/2030
Remaining Term 4.4
Rent Bumps Yes
Lease Options yes
Broker Co-Op Yes
Year Built 1975
Year Renovated 2018
Buildings 1
Stories 1
Lot Size (SqFt) 14,375
Zoning CB
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 01/01/2015

Investment Opportunity / 7.02% Cap with Seller Financing Available!

Marketing description

Lakeport, California is a charming lakeside town offering scenic beauty, a relaxed lifestyle, and strong community appeal in the heart of wine country.

Are you looking for a secure retail investment with solid Tenants, an NOI of approximately $77,000 / year and a CAP Rate of approximately 7.02%? Call me now to purchase this rewarding investment in an amazing location.

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 7.02% cap rate effective on January 1, 2026 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

Investment highlights

See Flyer:)

Listing Contacts

JG
CA 01245084
Blue Jay Way, LLC
Listed by Blue Jay Way, LLC

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$77,052.00
$6,421.00/mo

Valuation Metrics

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Additional Information

Name
Joe Gusich
License
01245084
Brokerage
Joseph Gusich
Title
Real Estate Broker / Property Management
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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