For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $675,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID LC23040342
Sold Date 10/23/23
HOA Y/N No
Year Built 1910
Lot Size 10,580 Sqft
Property Description
Introducing The Farmers-Monroe Building at 149 N Main St. An incredible investment opportunity, this historic commercial building, known as the Farmers Saving Bank, constructed in 1876 and the Monroe Building, constructed in 1888 is located in the heart of downtown Lakeport. It offers a total of 14 units including 11 office spaces, 2 retail shops, and a restaurant. With a spacious 7,200 square feet, this property provides ample room for businesses to thrive. Situated in a prime location, it boasts high traffic exposure right on Main Street. It offers convenient access to shops, restaurants, the Courthouse, parks, boat ramps, and the beautiful Clear Lake, making it an ideal choice for businesses of all kinds. The building has a new roof and is already 70% occupied by stable tenants, providing instant income and value for the new owner. Additionally, private off-street parking and handicap access further enhance the property's appeal. This downtown gem is being offered at a competitive price of $750,000, presenting a fantastic opportunity for investors and entrepreneurs alike. Don't miss out on the chance to own a piece of Lakeport's thriving historic commercial scene.
Location
State CA
County Lake
Area Lclpn - Lakeport North
Zoning C2
Interior
Fireplace No
Laundry None
Exterior
Community Features Park
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Flat
Building
Lot Description 6-10 Units/Acre, Irregular Lot, Near Park, Street Level, Zero Lot Line
Story 2
Water Public
Others
Tax ID 025404100000
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with General NONMEMBER • NONMEMBER MRML
GET MORE INFORMATION
Terrance Scotton, Broker Associate
Broker Associate | License ID: 01707848 NMLS: 908256
Broker Associate License ID: 01707848 NMLS: 908256