1231-1241 Broadway Ave - Storefront Retail/Residential FOR SALE


Atwater, CA 95301
$1,250,000 USD
209-475-5128
1231-1241 Broadway Ave, Atwater, CA for Sale
$1,250,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | 6.38% Cap Rate

1231-1241 Broadway Ave
Atwater, CA 95301


HIGHLIGHTS

  • Central Broadway Avenue address surrounded by retail, dining, and community services.
  • Three 2-bed/1-bath units, one studio, and ±3,080 SF of street-level retail leased to Furniture One.
  • Recent upgrades including new flooring, remodeled kitchens, and modernized bathrooms.
  • Current rents trail 2025 Atwater market averages, offering investors a clear path to increase income through natural turnover and strategic management

OVERVIEW

Positioned in the heart of Downtown Atwater, 1241 Broadway offers a compelling investment opportunity with stable income and clear upside. The property includes three upgraded 2-bedroom units (±840 SF each), one studio (±560 SF), and a 3,080 SF retail space currently leased to Furniture One. Recent renovations such as new flooring, kitchens, and bathrooms, minimize near-term capital needs. Residential rents range from $1,400–$1,550 for the two-bedrooms and $1,100 for the studio, below current market averages. This creates potential for increased income through natural turnover and active management. With strong Broadway frontage, a diversified income stream, and long-term value-add potential, 1241 Broadway is well-suited for both first-time investors and experienced operators looking to grow in the Central Valley.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

6.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Broadway Shops & Apartments

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

Community Commercial

APN/PARCEL ID

002-212-006

ASK ABOUT THIS PROPERTY

Jake KingColliersMore Info
209-475-5128

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Jake KingColliersMore Info
209-475-5128

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