47 N Grant St - Storefront Retail/Residential FOR SALE


Stockton, CA 95202- Downtown Stockton
$1,100,000 USD
209-564-0172
47 N Grant St, Stockton, CA for Sale
$1,100,000 USD
Storefront Retail/Residential - FOR SALE
1/26
null | Request Cap Rate

47 N Grant St
Stockton, CA 95202
Downtown Stockton


HIGHLIGHTS

  • Ground floor rents of +/-$6,000/mo
  • Convert upper floor to 7 loft apartments
  • Heart of Downtown Stockton
  • Many residential conversion projects underway
  • High demand for market-rate apartments
  • Attached gated parking lot

OVERVIEW

The PYTHIAN BUILDING is an income producing property with rents of +/-$7,000.00 per month. Seller willing to carry back financing! Possible scenario for SELLER FINANCING: $250k down, 5-year term at 6.5% interest. Interest only payments or amortized. 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. Seven apartments planned for the second floor. City of Stockton approved the plan - just needs to be renewed. 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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.8 AC

LAND SF

470,448 SF

ZONING

CD

APN/PARCEL ID

149-180-15

ASK ABOUT THIS PROPERTY

Mahala BurnsBurns Group, Inc.More Info
209-564-0172

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Mahala BurnsBurns Group, Inc.More Info
209-564-0172

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