The Farmers-Monroe Building at 149 N Main St.

149 North Main Street, Lakeport, CA

$750,000

Price

5.5%

Cap Rate

7,200 sqft

Building Size

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Street
Map
Overview
Cap Rate
5.5%
Building Size
7,200 sqft
Lot Area
10,580 acres
Units
10
Year Built
1910
Zoning
C265
Floors
2
Parking Spots
5
Heating
Split air
Cooling
Forced Air
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.

For more information or to schedule a viewing, please contact Jim Magliulo at (707) 263-5729 or email jim@countryair.com. Farmers-Monroe Building at 149 N Main St - Where business and opportunity meet in the heart of Lakeport, CA.

Location
Gallery