812-850 Gray Ave
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 represents a true "value-add" retail development opportunity and is being offered at the price of $13,500,000 representing $110.59 per SF for the building or approximately $23.13 per SF for the land.
Investment highlights
- 13.4 acre site located within a quarter mile of both Highway 99 and Highway 20
- 122,078 SF building built in 1975
- Two sections: 34,866 SF with 5 retail spaces and ~90,000 SF formerly occupied by K-Mart
- Assemblage of three separate parcels
- 456 SF of Gray Avenue frontage on easternmost parcel
- Possible two or three separate pad sites for QSRs
- Marquee signage easily visible from Highway 99
- Vehicle counts of 37,080 per day on Highway 99
- Located within a quarter-mile of Sutter Avenue/Hwy 99 off and on-ramp
- Offered at $13,500,000 representing $110.59 per SF for the building or approximately $23.13 per SF for the land
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