Listed by The Dunham Group
$6,200,000
120 Center Street, Auburn
Details
APN Map 251, Lot 011
Property Type Retail
Sub Type Shopping Center
Square Footage 57,842
Pads 1
Cap Rate 10.00%
Tenancy Multi
Year Built 1952
Buildings 3
Stories 1
Acreage 5.800
Zoning GB - General Business
Parking Spaces 265 spaces
Parking per 1,000 SqFt 4.58
Investment Type Value Add
Retail Shopping Center | 57,842 SqFt
Marketing description
We are pleased to offer this excellent retail investment asset, located in Auburn's busiest retail corridor. The Center Street Plaza is a 57,842± SF multi-tenant retail center with a great tenant mix and many with long-term leases in place. The property has upside potential with several below market rents. Additionally, there is potential for a high visibility pad-site. Location offers excellent visibility and high traffic counts of 23,950 cars/day.
Investment highlights
- 10% Cap Rate
- Prime Auburn Retail Corridor
- Upside Potential
- High Visibility & Traffic Counts
- Ample On-Site Parking
Listing Contacts
Listed by The Dunham Group
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Zoning
GB CommercialGeneral CommercialGeneral Business
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