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52 Soda Bay Road
Lakeport, CA 95453
MLS# LC22091189 ID: 75780224
23779 sq.ft.
$2,800,000
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Property Description
Prime development opportunity with... Lakeport Cinema 5 and Auto Movies Drive-In as an income producing anchor tenant. Site is composed of 4 parcels totaling 25.73ÿ⿿ÿ± acres. Cinema is 18,620ÿ⿿ÿ± SF with a 1,919ÿ⿿ÿ± SF mezzanine situated on 3.46ÿ⿿ÿ± acres. The Drive-In is one of the few remaining Auto Movies in California and sits on 8.21ÿ⿿ÿ± acres with a ÿ⿿ÿ± 3,240ÿ⿿ÿ± SF projection room, concessions stand/snack bar, and restrooms. The 5.87ÿ⿿ÿ± acre development parcel fronts Soda Bay Rd and is positioned perfectly for multiple pad sites or big box retail. The remaining 8.19ÿ⿿ÿ± acre parcel is located in wetlands. The cinema and drive-in have thrived in operations with seasoned ownership and management since 1997. Cinema operates on a NNN lease with minimal Landlord responsibility. Recent 2022 capital expenditures include roof replacement, seats, carpet, and lighting. Property is ideally located off the intersection of Main St/Soda Bay Rd and Hwy 29/Hwy 175 with all parcels being visible from Highway 29 for maximum exposure. Parcels are zoned C3 which allows for QSR, car wash, gas station, big box retail / shopping center, high-density hotel/motel, etc.
Property Features
Status
Days On Market 104 days
Last Updated August 16, 2022
Market Status Available
Description
Property Type Commercial
Year Built 1998
Sq. Feet 23779
Location
MLS Area Lclps - Lakeport South
Offered By:
Alex Tannous
Alex Tannous, Broker

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