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    800 S Main Street

    Lakeport, CA 95453
    • $525,000
    • STATUS: Active
    • ON SITE: 230 days
    • ID#: LC20068165
    Price Reduced
    UPDATED: 118 min ago
    $525,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,277
      SQFT
    • $231
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1985
    County:

    School Ratings & Info

    Description

    SOLID MAIN ST STUCCO OFFICE BUILDING Fully leased for 15 years as a dentist facility with reception, six operatories, staff lounge with kitchen, two bathrooms and private offices. Additional corner lot on a separate parcel with future development potential currently used as a parking lot for the tenant. Fully owned solar panels. Generator. Quality facility, with no deferred maintenance, on a high profile street in Lake County's busiest town with steady predictable long-term income, no vacancy, minimal management needed, and a cap rate of 6.42%, plus annual CPI adjustments. About as good as it gets for a commercial investment.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T00:26:22.827. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/104912754
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    800 S Main Street Lakeport, CA 95453

    • Price: $525,000
    • Status: Active
    • Updated: 118 min ago
    • ID#: LC20068165
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    2,277
    SQFT
    $231
    $/SQFT
    1985
    Built
    Neighborhood:
    LCLPS - Lakeport South
    County:
    Lake
    Area:
    LCLPS - Lakeport South
    Property Description
    SOLID MAIN ST STUCCO OFFICE BUILDING Fully leased for 15 years as a dentist facility with reception, six operatories, staff lounge with kitchen, two bathrooms and private offices. Additional corner lot on a separate parcel with future development potential currently used as a parking lot for the tenant. Fully owned solar panels. Generator. Quality facility, with no deferred maintenance, on a high profile street in Lake County's busiest town with steady predictable long-term income, no vacancy, minimal management needed, and a cap rate of 6.42%, plus annual CPI adjustments. About as good as it gets for a commercial investment.
    Exterior Features

    Construction Materials BrickStucco Lot Features LevelNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Roof Composition Uncovered Spaces 10.00

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating CentralElectric Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels Description 02556405 Additional Parcels YN Yes Asset Class Office Building Area Units Square Feet Building Status Existing Business Type Health Services Cap Rate 6.42 Country Us Effective Gross 42000 Gross Scheduled Income 42000.00 Insurance Expense 2500.00 Land Use Office Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 33691.00 Number Of Units Leased 1 Operating Expense 8309.00 Property Sub Type Office Real Estate Tax Expense 5809.00 Special Listing Conditions Standard Utilities Cable Available Vacancy Allowance 0 Water Source Public

    Listing provided courtesy of Timothy Toye of Timothy Toye And Associates


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T00:26:22.827. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
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