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Sold Date5/13/2021
Closed

800 S Main StreetLakeport, California CA95453-5511

Listing IDLC20068165

2,277 SqFt

$475,000

SOLID MAIN ST STUCCO OFFICE BUILDING Fully leased for 14 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 7%, plus annual CPI adjustments. About as good as it gets for a commercial investment.
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