Owner User/Investment Opportunity: Restaurant + Apartment
Industrial | 5,820 SqFt
Marketing description
Leased freestanding buildings totaling ±5,820 SF consisting of commercial & residential units. The property includes a ±1,900 SF restaurant space & a ±1,500 SF apartment with an attached ±570 SF garage. There is additional potential to lease out a ±350 office suite & a ±1,500 SF warehouse/storage suite. This is a value-add opportunity with current occupancy at 68% and actual collected rents totaling $39,600 per year, with upside potential. The site features great visibility, convenient parking, & easy access to nearby CA-41 & CA-198 on/off ramps.
The value-add opportunity consists of addressing the below-market rent of the (2) existing tenants, extending lease length over the next 6-12 months. After addressing the slightly under-market rents, the realistic stabilized gross annual income is $50,100.00\year. Unique investment offering easy to-rent small spaces within an under-built market offering a strong need for these type of units.
Investment highlights
Owner User/Investment Opportunity: Restaurant & Apartment
±1,900 SF Remodeled Restaurant in Lemoore, CA
±1,500 SF Occupied Apartment & ±570 SF Garage Included in Sale
±350 SF Office & ±1,500 SF Storage Below Apartment
Restaurant Equipment Owned By Current Tenant
New Urethane Enhanced White Waterproof Roof Coating
Long Term Tenants w/ Upside Potential Via Leasing
Quality Roof, Working HVAC's, & Functional Floorplans
Well-Known Freestanding Building w/ D Street Exposure
Private Lit Parking Lot + Street Parking | Great Visibility
Convenient Location Between CA-41 and CA-198
Busy & Established Corridor w/ Quick Access to Downtown
Quality Construction | Well Maintained | Economical Spaces
Energy Efficient Improvements - Separately Metered Utilities
Seller Carry Available
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