Oakdale, CA 95361,262 S Yosemite AVE
Oakdale, CA 95361,262 S Yosemite AVE
Oakdale, CA 95361,262 S Yosemite AVE
Oakdale, CA 95361,262 S Yosemite AVE
Oakdale, CA 95361,262 S Yosemite AVE
Oakdale, CA 95361,262 S Yosemite AVE
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$800,000

$829,900

3.6%
Est.Price: ?

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Est. payment /mo

1.03 Acres Lot


SOLD DATE : 08/25/2023

Key Details

Sold Price $800,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 223067052

Sold Date 08/25/23

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1948

Lot Size 1.030 Acres

Acres 1.03

Lot Dimensions 200 X 225

Property Description

Investment property with huge future potential. 1.03 acres, 8,154sf of buildings. Currently the tenants are (1) auto sales, (2) Print shop, (3) Convenience store, (4) Pawn Shop, (5) Food Truck, (6) Phone repair shop. The rents are very low and still grossing $6,160/mth. 1 lease is month to month, 2 expire in 2027 and 3 go until 2032. Today, if rents were higher and some improvements were done... with 1 acre of commercial land... the value might be closer to $1.3M. The ideal buyer needs to be willing to wait until 2027 to start increasing rents and finally see a real return on their investment. FYI; there are vacant commercial lots with 1 acre that have sold for closer to $600,000... vacant. This one has a large building and is going for only $829,900. Some properties/buildings are offering all that they can now with hardly any room for improvement, this prop/building is opposite. It is only offering a portion of the income/return it will be able to produce later.

Location

State CA

County Stanislaus

Area 20202

Direction From the Starbucks at Yosemite Ave and Highway 108 (F Street); go south on Yosemite Ave 1.5 blocks and the property will be on the right.

Location Details Downtown

Interior

Heating Central

Cooling Central

Flooring Concrete Slab

Exterior

Parking Features Other

Utilities Available Natural Gas Connected

Water Access Desc Public

Roof Type Composition

Topography Level

Road Frontage City Street

Total Parking Spaces 46

Building

Lot Description Corner, Curbs/Gutters

Story 1

Foundation Concrete

Sewer Other

Water Public

Others

Senior Community No

Tax ID 130-004-039-000

Special Listing Condition None

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MetroList® Services, Inc (RESO)
Listed by PMZ Real Estate
Bought with BC Real Estate
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