1608 F St - Loft/Creative Space FOR SALE


Modesto, CA 95354- Downtown Modesto
$449,950 USD
209-505-5544
1608 F St, Modesto, CA for Sale
$449,950 USD
Loft/Creative Space - FOR SALE
1/26
null | 9.33% Cap Rate

1608 F St
Modesto, CA 95354
Downtown Modesto


HIGHLIGHTS

  • Lots of natural light
  • A-frame cabin style
  • Exposed wood beams in front lobby

OVERVIEW

Work where you live at 1608 F Street (a commercial office building with hybrid residential studio potential)! The commercial building spans 1350 square feet and currently has a professional real estate tenant paying $3,500 a month (M-to-M although lease might be extended as per the new owner) which presents an attractive income opportunity. This property could also be an ideal location for those looking to capitalize on a prime location for a professional office as an owner/user with the new court house opening up this year just blocks away. The building was built in 1984 and has been rigorously maintained. With an A-Frame design and lots of wood finishes this office looks like a mountain chalet! The property contains an off-street concrete parking lot with room for 4 cars which is a major plus downtown as well as two decks (upper and lower). Lots of room for file storage as well. Owner will consider financing with excellent credit and substantial downpayment.

FOR SALE DETAILS

PRICE

$449,950 USD

PRICE/SF

$333 USD /SF

CAP RATE

9.33%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

TND

APN/PARCEL ID

106-004-010-000

ASK ABOUT THIS PROPERTY

Jon BurgiGreengate Commercial BrokerageMore Info
209-505-5544

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Jon BurgiGreengate Commercial BrokerageMore Info
209-505-5544

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