9800 State Hwy 53

    Lower Lake, CA 95457
    • $975,000
    • STATUS: Active
    • ON SITE: 331 days
    • ID#: LC19111609
    UPDATED: 34 min ago
    $975,000
    • 0
      BEDS
    • 0.59
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,166
      SQFT
    • $96
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    Description

    Mixed use Commercial retail Center. Current 2019 Gross income $100,320.00. Current good, extremely long term tenants. Largest multi tenant center in the area. Nice Hwy 53 frontage. Major thoroughfare leading into Lower Lake, Clearlake, Jago Bay, Clearlake Oaks, and not far on Hwy 29 towards Lakeport, past Kelseyville. ( Miner statue in parking area not included in sale.)All units sub-metered for water and propane. All units have swamp coolers although some tenants have installed their own air conditioners too.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-09T13:34:22.737. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/94734085

    9800 State Hwy 53 Lower Lake, CA 95457

    • Price: $975,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: LC19111609
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.59
    Acres
    10,166
    SQFT
    $96
    $/SQFT
    1900
    Built
    Neighborhood:
    LCLL - Lower Lake
    County:
    Lake
    Area:
    LCLL - Lower Lake
    Property Description
    Mixed use Commercial retail Center. Current 2019 Gross income $100,320.00. Current good, extremely long term tenants. Largest multi tenant center in the area. Nice Hwy 53 frontage. Major thoroughfare leading into Lower Lake, Clearlake, Jago Bay, Clearlake Oaks, and not far on Hwy 29 towards Lakeport, past Kelseyville. ( Miner statue in parking area not included in sale.)All units sub-metered for water and propane. All units have swamp coolers although some tenants have installed their own air conditioners too.
    Exterior Features

    Construction Materials Wood Siding Lot Features Corner LotLot 20000-39999 SqftRectangular LotLevelPaved Lot Size Dimensions 150X173 Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Cooling Evaporative Cooling Cooling YN Yes Heating Propane Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels YN No Asset Class OfficeRetail Building Area Units Square Feet Building Expenses 2000.00 Building Name Silver Dollar Plaza Building Status Existing Business Type Mixed Cap Rate 6.88 Country Us Current Use Comments All But 1 Unit Rented Effective Gross 100320 Electric 220 VoltsElectricity - On Property Electric Expense 1470.00 Gross Scheduled Income 100320.00 Insurance Expense 1500.00 Investment Property YN Yes Land Lease YN No Land Use Retail Laundry YN No Leasable Area Units Square Feet Lot Dimensions Source Estimated Maintenance Expense 1567.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 67162.00 Number Of Units Leased 11 Operating Expense 32476.00 Other Expense 1000.00 Professional Management Expense 9224.00 Property Sub Type Retail Real Estate Tax Expense 6633.00 Retail Center Type Mixed Use Special Listing Conditions Standard Tax Year 2019 Total Expenses 32476.00 Utilities Cable AvailableCable ConnectedElectricity AvailableElectricity ConnectedPhone AvailablePhone ConnectedPropaneSee RemarksSewer ConnectedWater Connected Water Sewer Expense 8690.00 Water Source Public Zoning C2

    Listing provided courtesy of Ted Barcelon of Barcelon Associates Dba Town


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-09T13:34:22.737. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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