No photos available

$595,000

14620 Olympic Drive

Clearlake, CA 95422

Active

Lake

County

Land

Property Type

About this home

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.

Listed by Rita Schmid · DRE #01406705 · Vanguard Properties

MLS #1191242143

ListedAug 8, 2026

Property Details

Architecture

StoriesN/A

StyleN/A

Total UnitsN/A

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking TotalN/A

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.78 ac

Lot FeaturesValue In Land

ViewNone

DirectionsHwy 101 to Hwy 20 to Hwy 53 to Olympic Dr

Community

Area699 - Not Defined

School DistrictN/A

Tax & Financial

TermsCash, Conventional

Land LeaseNo

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$3,167/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 5:30 PM

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