Single NNN Tenant with Pre-Approved Plans
Additional land with pre-approved build plans 4 units. $2.8M ARV.
Marketing description
Seize the opportunity to acquire a stabilized and renovated commercial property designated as C-17 zoning. The property has conditionally approved plans to add four flex/retail/office spaces on an already graded and cleared section. This enhancement will elevate the pro forma property value to nearly $2 million.
The 4,000-square-foot area is divided into four sections, each approximately 1,000 square feet. Section 1 is designated as a restaurant. Section 2 comprises six office space units. Section 3 serves as retail or open space. Section 4 is a storage and clean room equipped with double-loading door access.
Enjoy aggressive appreciation with the addition of multiple master plan projects, such as a new Trader Joes and more within a few blocks of the property.
Recent capital improvements include: Interior and exterior paint, new siding improvements, 2025 HVAC replacement, new electrical updates, LED interior and exterior lighting, new commercial dumpster enclosure, two ADU-bathrooms, ADU-compliant sidewalks, landscaping and more.
Investment highlights
High traffic count
Next to new Trader Joes
Renovated in 2023
New HVAC 2025
Stable NNN tenant on long-term lease
Site plans approved to add more square footage
Stable investment with an opportunity to build more equity
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