Just reduced by $75,000! Seller willing to carry back financing! This historic building sits on the corner of Weber Avenue and Grant Street, in the Downtown Business District.
This part of the downtown is a rapidly developing area, and the Pythian Building is poised for appreciation as demand for both commercial and residential space continues to rise. Four leased commercial spaces on the ground floor offer immediate income, with seven apartments planned for the second floor.
Property includes a 4,000 SF paved and gated parking lot next door, leased by the Downtown Stockton Alliance for its safety ambassadors.
With established businesses on the ground floor and the possibility of residential units above, this property offers diverse revenue streams and the potential for strong returns.
Possible scenario for Seller financing: $500k down, 7-year term at 7.5% interest. Interest only payments or amortized.
Current monthly income could cover the interest payment.