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.