116-118 W Yosemite Ave - Storefront Retail/Residential FOR SALE


Manteca, CA 95336- East Manteca
$1,600,000 USD
209-471-6358
116-118 W Yosemite Ave, Manteca, CA for Sale
$1,600,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 6.86% Cap Rate

116-118 W Yosemite Ave
Manteca, CA 95336
East Manteca


HIGHLIGHTS

  • Unit Mix: Two ground-floor retail storefronts and 18 residential units (16 SRO, 2 one-bedroom/one-bath), providing diversified income streams.
  • Retail Upside: Both retail units are leased below market, with one tenant on a month-to-month basis—creating flexibility to adjust rents.
  • Residential RUBS Potential: Opportunity to implement a Ratio Utility Billing System (RUBS) to reduce ownership’s overhead utility expenses.
  • Value-Add Opportunity: Upside through retail rent adjustments, RUBS implementation, lease restructuring, and many more.
  • On-Site Manager: Provides daily oversight, ensures smooth operations, and supports long-term tenant retention and property stability.
  • Revitalizing Downtown: Benefiting from city investments in streetscape improvements, transit upgrades, business incentives, and a growing dining.

OVERVIEW

Positioned at the hard corner of Yosemite Avenue and Main Street, this property sits at one of the most visible and highly trafficked intersections in Downtown Manteca. Surrounded by major national and regional tenants including Wells Fargo, Bank of America, Chase, Domino’s, AutoZone, and Taco Bell, the property benefits from strong foot traffic, daily drive-by visibility, and convenient access to Highway 99. Downtown Manteca is also undergoing a major revitalization, blending its historic small-town charm with modern development and infrastructure improvements. The city has invested in streetscape upgrades, a transit hub, and incentive programs to attract new businesses, while murals, events, and a growing dining scene continue to draw consistent activity. With limited supply, increasing demand, and a central location in the San Joaquin Valley—minutes from major highways and the future ACE commuter rail—downtown properties offer investors the rare chance to secure strong cash-flowing assets with meaningful upside as rents rise and redevelopment momentum accelerates. Positioned at the hard corner of Yosemite Avenue and Main Street, this property sits at one of the most visible and highly trafficked intersections in Downtown Manteca. Surrounded by major national and regional tenants including Wells Fargo, Bank of America, Chase, Domino’s, AutoZone, and Taco Bell, the property benefits from strong foot traffic, daily drive-by visibility, and convenient access to Highway 99. Downtown Manteca is also undergoing a major revitalization, blending its historic small-town charm with modern development and infrastructure improvements. The city has invested in streetscape upgrades, a transit hub, and incentive programs to attract new businesses, while murals, events, and a growing dining scene continue to draw consistent activity. With limited supply, increasing demand, and a central location in the San Joaquin Valley—minutes from major highways and the future ACE commuter rail—downtown properties offer investors the rare chance to secure strong cash-flowing assets with meaningful upside as rents rise and redevelopment momentum accelerates. This mixed-use property in the heart of Downtown Manteca offers investors diversified income with two ground-floor retail storefronts and 18 residential units above (16 single-room occupancy and 2 one-bedroom/one-bath). The asset delivers steady cash flow supported by strong historical occupancy, while also presenting clear upside through retail rent adjustments, converting modified gross leases to NNN, and implementing a RUBS program to recover utility costs from residential tenants. An on-site manager provides day-to-day oversight, ensuring the property is well-maintained and its income streams remain stable, making this an attractive value-add investment opportunity.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

6.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Manteca Mixed-Use Investment!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

219-410-08

ASK ABOUT THIS PROPERTY

Andy Le, M.B.A. | CCIM CandidateFirst Commercial Real EstateMore Info
209-471-6358

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Andy Le, M.B.A. | CCIM CandidateFirst Commercial Real EstateMore Info
209-471-6358

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