REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,723,339
Est. payment | /mo
43 SqFt
$ 2,723,339
Est. payment | /mo
43 SqFt
Key Details
Property Type Commercial
Sub Type COMMERCIAL/INDUSTRIAL
Listing Status Active
Purchase Type For Sale
Square Footage 43 sqft
Price per Sqft $63,333
MLS Listing ID 260271
Year Built 1960
Lot Size 1.320 Acres
Acres 1.32
Property Sub-Type COMMERCIAL/INDUSTRIAL
Property Description
The net operating income is currently $156,592 with 10 years remaining on the lease (10% increase every 6 yrs.) 1- 5 yr. extension. 5.75% cap. Parking field to be completely replaced soon ($127,000 improvement). Over 30 years of operation at this location. Recent studies have shown that in times of increasing inflation, Discount Grocers dramatically increase their market share. Why not invest in a free-standing, well established, proven volume store that is at the gateway to the downtown area and high-visibility on Hwy 101 So.
Location
State CA
County Del Norte
Area Crescent City
Zoning C-2
Interior
Heating Electric
Exterior
Exterior Feature Gutters, Loading Docks
Utilities Available Electric
Roof Type Other
Building
Foundation Concrete Slab
Sewer Public Wtr Swr
Listed by ROY TEDSEN INVESTMENT REALTY HOMES INC.