Listed by Turton Commercial Real Estate
$13,500,000
812-850 Gray Ave
Details
APN 52-014-002; 52-020-021; 52-020-022
Property Type Retail, Land
Sub Type Commercial
Square Footage 122,078
Net Rentable (SqFt) 122,078
Units 8
Occupancy 24%
Tenancy Multi
Lease Type NNN
Price per SqFt $111
Year Built 1975
Stories 1
Acreage 13.380
Zoning General Commercial (C-3)
Parking Spaces 390 spaces
Parking Per SqFt 3.19
Investment Type Redevelopment
Retail | 122,078 SqFt
Marketing description
As Exclusive Advisor to the County of Sutter (“the County”), Turton Commercial Real Estate is Pleased to Share for Sale 850 Gray Avenue (the “property”), Possibly the Best Undeveloped Retail Site in Sutter or Yuba Counties. This Premier Retail Site is 13.4 Acres Located Within a Quarter Mile of Both Highway 99 and Highway 20 in the Heart of Yuba City. The 122,078 Square Foot (“sf”) Building Built in 1975 Consists of Two Sections: One 34,866 Sf Portion Consisting of 5 Retail Spaces and One Single Space of Approximately 90,000 Sf Formerly Occupied by K-mart. The 13.4 Acre Site is Actually an Assemblage of Three Separate Parcels of Which the Easternmost Parcel Includes 456 Sf of Gray Avenue Frontage Affording the Likely Possibility of Two or Three Separate Pad Sites for Quick Service Restaurants (“qsr”s). The Property Enjoys an Outstanding Retail Location With Marquee Signage Easily Visible From Highway 99 and Its Healthy Vehicle Counts of 37,080 Per Day. The Site is Also Located Within a Quarter-mile of the Sutter Avenue/hwy 99 Off and on-ramp. The Property Also Enjoys Generous Gray Avenues Frontage With Traffic Accounts in Excess of 13,100 Vehicles Per Day. Just a Few Hundred Yards North of the Property Yuba Sutter Marketplace With Retailers Such as Burlington, Ross, Jc Penney and Verizon Boasting 3,600,000 Visits Per Year. These Visits Do Not Even Include Other National Retailers Immediately Surrounding the Site Like Target, Panera, Bank of America and Chipotle. In Addition, the Property Has Several Modest Size Leases Providing Approximately $20,000 in Monthly Income Plus Pro-rata Nnn Reimbursements While the Buyer Completes the Planning Process. The Property Represents a True “value-add” Retail Development Opportunity and is Being Offered at the Price of $12,600,000 Representing $103 Per Sf for the Building or Approximately $21.50 Per Sf for the Land.
Investment highlights
- Potential 13 acre retail site situated close to
- Highway 99 with Marque visible signage
- Within a quarter mile of an existing retail site along Gray Avenue featuring over 3.8 M visits per year
- Over 37,000 vehicles per day on Highway 99 and over 13,100 vehicles per day on Gray Avenue
- Likely potential for 2 or 3 retail pad sites fronting Gray Ave
- Priced at approximately $110/SF for building and $23.13/SF for the land
- Modest in-place cash flow from some existing tenants
- Land Area: 583,705
- Occupancy: ± 29,500 SF - approximately 24%
Listing Contacts
Listed by Turton Commercial Real Estate
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