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8724620
8724621

523 Center St, Taft, CA 93268

C21 Commercial
KL
CA 01516541
C21 Commercial
Listed by C21 Commercial
$725,000
1332 days on market
Updated 35 days ago
Opportunity zone

±13,500 SF Auto Repair Building For Sale in Taft, CA

Details
APN 031-060-02-00-0 & 031-060-01-00-7
Property Type Industrial, Retail
Sub Type Auto Shop, Flex
Square Footage 13,500
Cap Rate 13.07%
NOI $94,748
Tenancy Vacant
Price per SqFt $54
Broker Co-Op Yes
Stories 1
Acreage 0.990
Zoning DC - Downtown Commercial
Investment Type Value Add

±13,500 SF Auto Repair Building For Sale in Taft, CA

Marketing description

±13,500 SF commercial retail, automotive, and warehouse building on a ±0.99 acre lot. Messenger Automotive currently occupies ±12,000 SF for the past 10 years consistently doing over $1 million in annual sales. In the additional ±1,500 SF retail space is currently occupied by Poppy's Melting Pot paying $1,600/month. The current Automotive space was the former Chrysler Dealership and is in turn-key condition. Space is in well maintained condition, offering endless potential for the interior to easily be molded to the next occupants desired layout. Owners just installed new roof & coolers as of January 2024. Located on the corner of Center St & 6th St offering outstanding frontage and visibility. Positioned against the street offering street parking in addition to multiple on-site stalls.

Investment highlights

  • Turn-key Automotive Building | Former Chrysler Dealership

  • ±12,000 SF Automotive Business | ±1,500 SF Retail Space

  • Over $1M In Sales Consistently Year to Year

  • Current Tenant Occupying ±1,500 SF at $1,600/month

  • Brand New Roof & Coolers - 2024

  • Located On Hard Corner | Well Known Building

  • Excellent Presence Surrounded with Quality Tenants

  • ±20,480 Residents Within 10-Mile Radius

  • Convenient Location Between CA-33 & CA-119

  • Adjacent Hard Corner Properties Also Available

  • Possibility To Own All Four Corners | Call Agent For Details

Listing Contacts

C21 Commercial
KL
CA 01516541
C21 Commercial
Listed by C21 Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,748.00
$7,895.67/mo

Valuation Metrics

0
DSCR
13.07%
Cap Rate
13.07%
ROI

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