Listed by Coldwell Banker Commercial Southern Coast
$750,000
245 Slaten Street
Details
APN 041B005
Property Type Special Purpose
Sub Type Other
Square Footage 2,811
Net Rentable (SqFt) 2,811
Occupancy 100%
Lease Type Gross
Lease Term 5.2
Lease Expiration 03/14/2029
Remaining Term 2.8
Class C
Year Built 1997
Lot Size (SqFt) 36,154.8
Zoning c3
Investment Type Net Lease
Lease Commencement 01/17/2024
Ownership LLC
Sale Condition For sale by owner
Special Purpose | 2,811 SqFt
Marketing description
Prime Investment Opportunity at High-Traffic Intersection WITH THE OPPORTUNITY to expand. You may also purchase the adjacent parcels (041B007 & 041B008 for an increased purchase price and take advantage of this exceptional opportunity to own a strategically located commercial property at one of the city's busiest intersections—offering unmatched visibility and consistent foot and vehicle traffic. Currently leased to a dependable tenant with four years remaining on the lease, the property delivers immediate rental income and long-term financial stability. Its prominent location ensures excellent exposure, while the secure lease arrangement provides peace of mind and reliable cash flow. Whether you're a seasoned investor or exploring your first income-generating asset, this property offers the ideal blend of location, stability, and future growth potential.
Investment highlights
Prime Location: Situated at one of the city’s busiest intersections with exceptional visibility and traffic flow.
High Exposure: Benefits from both heavy foot traffic and steady vehicle count, ensuring maximum exposure.
Secure Lease: Currently leased to a reliable tenant with 4 years remaining, providing stability and peace of mind.
Immediate Cash Flow: Delivers consistent rental income from day one.
Long-Term Growth: Strategic location positions the property for strong appreciation and future opportunities.
Versatile Investment: Ideal for both seasoned investors and those seeking their first income-producing property.
Listing Contacts
Listed by Coldwell Banker Commercial Southern Coast
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