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 25.73 acres. Cinema is 18,620 SF with a 1,919 SF mezzanine situated on 3.46 acres. The Drive-In is one of the few remaining Auto Movies in California and sits on 8.21 acres with a 3,240 SF projection room, concessions stand/snack bar, and restrooms. The 5.87 acre development parcel fronts Soda Bay Rd and is positioned perfectly for multiple pad sites or big box retail. The remaining 8.19 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.
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0BEDS
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25.73ACRES
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0BATHS
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01/2 BATHS
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23,779SQFT
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$118$/SQFT
School Ratings & Info
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 25.73 acres. Cinema is 18,620 SF with a 1,919 SF mezzanine situated on 3.46 acres. The Drive-In is one of the few remaining Auto Movies in California and sits on 8.21 acres with a 3,240 SF projection room, concessions stand/snack bar, and restrooms. The 5.87 acre development parcel fronts Soda Bay Rd and is positioned perfectly for multiple pad sites or big box retail. The remaining 8.19 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.
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