101 N L St - Storefront FOR SALE


Dinuba, CA 93618
$989,900 USD
559-287-6478
101 N L St, Dinuba, CA for Sale
$989,900 USD
Storefront - FOR SALE
1/57
null | Request Cap Rate

NEW


101 N L St
Dinuba, CA 93618


HIGHLIGHTS

  • Retail Storefronts
  • Multifamily Apartments

OVERVIEW

FOR SALE; Potential mix-use investment opportunity in the core of downtown Dinuba, Zoned C-2, Downtown Commercial (Zoning Ordinance attached in documents).'' This revamped and locally historic 16,500 total square feet building features four ground level commercial store fronts which are all currently rented under lease agreements. The building is in a prime location with tremendous frontage for retail space and in a high pedestrian traffic vicinity. The four commercial storefronts total for a monthly income of $5,500 currently, with much potential of accumulating to over $6,000 per month (two of the four units percentage leases that increase yearly). The owner typically pays for the tenants water each month (one meter), while the tenants are responsible for electricity and trash. Additionally to the four commercial/ground level storefronts, the building offers nine unfinished apartments on the second floor. As well as existing completed design plans and specs (attached in documents) to finish out the build of the apartments. These plans come already stamped with city approval and are set to accommodate (9 total units) 1-studio, 1- one bedroom/one bathroom, 6-two bedroom/one bathrooms, 1-three bedroom/two bathroom unit, a community laundry room, and more. Finishing out the apartments would add tremendous value to the property and create an additional income to combat with the high rental demand in the area. The property location also provides an ideal and centralized area of town to attract potential tenants. The building is truly known and recognized as a permanent local brand in the heart of Downtown Dinuba. Come view this property and schedule your showing today!

FOR SALE DETAILS

PRICE

$989,900 USD

PRICE/SF

$60 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C-2

APN/PARCEL ID

017-124-006-000

ASK ABOUT THIS PROPERTY

Jace MerloMerlo & Newton Real EstateMore Info
559-287-6478

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Jace MerloMerlo & Newton Real EstateMore Info
559-287-6478

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.