$595,000

Exceptional investment and development opportunity in Clearlake, California. This portfolio includes four parcels along Olympic Drive with a compelling mix of Commercial and High Density Residential zoning. The offering includes 14620 Olympic Drive (APN 039-570-130), Commercial; 14630 Olympic Drive (APN 039-570-140), High Density Residential (HDR); 14634 Olympic Drive (APN 039-570-160), Commercial; and 14638 Olympic Drive (APN 039-570-170), Commercial. With three commercially zoned parcels and one High Density Residential parcel, this assemblage presents an exciting opportunity for an investor, builder, or developer seeking flexibility and long-term potential. The combination of commercial and residential zoning may accommodate a variety of development concepts, subject to City of Clearlake approvals, zoning requirements, utilities, and applicable development standards. Adding to its appeal is the convenient location near key community services, shopping, healthcare, recreation, and schools. Nearby amenities include Wells Fargo Bank, Safeway, City of Clearlake City Hall, Clearlake Fire Department, Lake County Tribal Health South Shore Clinic and Pain and Wellness Center, Austin Park, Burns Valley School, and other local schools. Offered together as a four-parcel portfolio, this is a unique opportunity to acquire multiple properties in one offering and explore the potential of a strategically assembled site in the Clearlake market. Buyer and buyer’s representatives are encouraged to independently verify zoning, permitted uses, development potential, utilities, parcel boundaries, and all other information with the City of Clearlake and appropriate agencies.