$639,000
$675,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
9,199 Sqft Lot
SOLD DATE : 03/04/2022
Key Details
Sold Price $639,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MC20226360
Sold Date 03/04/22
HOA Y/N No
Lot Size 9,199 Sqft
Lot Dimensions Assessor
Property Description
Commercial freestanding property for sale in the Downtown area of Atwater! Lots of exciting things happening in downtown! The City of Atwater purchased two buildings in downtown to move their staff. Whiskey River Saloon relocating to Broadway Ave, ice skating ring for the winter, and much more. Excellent high visibility on Atwater Blvd, one of Atwater's busiest thoroughfares and surrounded by public parking lots on each side with a total of 41 spaces. Located just a few blocks away from Hwy 99 which gets an average of 52,000 vehicles per day and the Applegate Ranch Retail center that offers roughly 450,000 square feet of retail space, a premier destination for the surrounding area. This property consists of two buildings that share a common wall, consisting of roughly 7,285+/- gross square feet, and with about 80 feet of frontage. You also have public transportation right across the street and potentially a stop for the upcoming ACE Train. The zoning is Central Commercial. You have 5 in-place tenants, one that has been leasing for the last 15 years, current rents are way below market and could be improved. Behind the store front spaces, the property also offers a 1,635+/- sq ft shop, a 2,420+/- square foot warehouse for storage or additional retail opportunities. You also get a 26ft x 31ft locked high cyclone fence for additional storage on the alley side. Excellent upside here, room to increase rents substantially!
Location
State CA
County Merced
Zoning C-C
Interior
Heating Central, Natural Gas
Cooling Central Air
Fireplace No
Laundry None
Exterior
Utilities Available Natural Gas Connected, Phone Connected, Sewer Connected
Roof Type Rolled/Hot Mop
Total Parking Spaces 18
Building
Lot Description Near Public Transit, Rectangular Lot
Story 1
Water Public
Others
Tax ID 002213009000
Acceptable Financing Cash, Cash to New Loan, Owner May Carry
Listing Terms Cash, Cash to New Loan, Owner May Carry
Financing Conventional
Special Listing Condition Standard
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Bought with Ernie Ochoa • CB Commercial, Gonella Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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