Property Detail

Description

Exceptional Multi-Parcel Investment Opportunity in the Heart of Clearlake’s Business District Unlock the potential of this rare commercial offering featuring three warehouses, a stick-built home, and an upper-level apartment, all spread across five parcels in a prime, high-visibility location. Together, the warehouses total approximately 7,200 sq ft, providing versatile space for retail, storage, distribution, or expansion. The first warehouse, approx. 2,100 sq ft, is currently operating as a flooring showroom, it features a private executive office, break room, and bathroom. Its double metal patterned roof ensures superior insulation and long-term energy efficiency. Above the storefront sits a privately accessed 1,175 sq ft 2-bed/1-bath apartment complete with a fenced yard. Both bedrooms offer generous storage—one with a walk-in closet and the expansive primary suite features, two large closets with built-in features. The second warehouse approx. 3,000 sq ft is situated on its own commercial-zoned parcel, this warehouse includes two office spaces, a bathroom, and two storage rooms. Formerly home to the Coors distributorship, much of the interior has been extensively insulated, making it ideal for a range of business uses. The third warehouse approx. 2,100 sq ft has 2 roll up doors and extra-tall ceilings—perfect for RVs, boats, or oversized inventory. The accompanying 840 sq ft 2-bed/1-bath home is well maintained and includes a dedicated laundry area, providing excellent rental or on-site manager potential. These both sit together on a mixed-use lot. These can be used to expand the yard area to the third warehouse or future development. Flexible options here including taking over the current business or purchasing as an investment property. Using a very conservative rental rate this standout investment yields a 9.1% cap rate.