$900,000 USD
805-453-8353
HIGHLIGHTS
- 10.9% pro forma cap rate at the $900,000 asking price
- Seller financing available — 50% down, seller carries the balance
- Located in a federally designated Economic Opportunity Zone
- High-traffic corridor — approximately 31,000 vehicles per day
- Value-add upside — 3 commercial spaces (6,842 SF) currently vacant and ready to lease
- Adjacent 6,000 SF C-2 lot available concurrently (510 Union Ave, $99,000) — combined opportunity at $999,000
FOR SALE DETAILS
PRICE
$900,000 USD
PRICE/SF
$72 USD /SF
CAP RATE
10.91%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1946
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.21 AC
LAND SF
9,148 SF
ZONING
C-2
APN/PARCEL ID
139-251-03-00-0,139-251-04-00-0
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
805-453-8353
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
805-453-8353
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
