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101 N L St 16,500 SF 100% Leased Retail Building Dinuba, CA 93618 $989,900 ($59.99/SF)
INVESTMENT HIGHLIGHTS
- Retail Storefronts
- Multifamily Apartments
EXECUTIVE SUMMARY
FOR SALE; Potential mix-use investment opportunity in the core of downtown Dinuba, Zoned C-2, Downtown Commercial (Zoning Ordinance attached in documents).'' This revamped and locally historic 16,500 total square feet building features four ground level commercial store fronts which are all currently rented under lease agreements. The property has many recent upgrades such as new HVAC units, flooring, windows, façade, stucco, and more. The building is in a prime location with tremendous frontage for retail space and in a high pedestrian traffic vicinity.
The four commercial storefronts total for a monthly income of over $6,600.00 per month (two of the four units percentage leases that increase yearly). The owner typically pays for the tenants water each month (one meter), while the tenants are responsible for electricity and trash. Additionally to the four commercial/ground level storefronts, the building offers nine unfinished apartments on the second floor (6,137 total second floor square feet). As well as existing completed design plans and specs (attached in documents) to finish out the build of the apartments. These plans come already stamped with city approval and are set to accommodate (9 total units) 1-studio, 1- one bedroom/one bathroom, 6-two bedroom/one bathrooms, 1-three bedroom/two bathroom unit, a community laundry room, and more. Finishing out the apartments would add tremendous value to the property and create an additional income to combat with the high rental demand in the area. The property location also provides an ideal and centralized area of town to attract potential tenants. The building is truly known and recognized as a permanent local brand in the heart of Downtown Dinuba. Come view this property and schedule your showing today!
The four commercial storefronts total for a monthly income of over $6,600.00 per month (two of the four units percentage leases that increase yearly). The owner typically pays for the tenants water each month (one meter), while the tenants are responsible for electricity and trash. Additionally to the four commercial/ground level storefronts, the building offers nine unfinished apartments on the second floor (6,137 total second floor square feet). As well as existing completed design plans and specs (attached in documents) to finish out the build of the apartments. These plans come already stamped with city approval and are set to accommodate (9 total units) 1-studio, 1- one bedroom/one bathroom, 6-two bedroom/one bathrooms, 1-three bedroom/two bathroom unit, a community laundry room, and more. Finishing out the apartments would add tremendous value to the property and create an additional income to combat with the high rental demand in the area. The property location also provides an ideal and centralized area of town to attract potential tenants. The building is truly known and recognized as a permanent local brand in the heart of Downtown Dinuba. Come view this property and schedule your showing today!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
16,500 SF
Building Class
C
Year Built
1920
Price
$989,900
Price Per SF
$59.99
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.65
Lot Size
0.23 AC
Zoning
C-2 - Zoned C-2, Downtown Commercial (Zoning Ordinance attached in documents)
Frontage
Walk Score®
Very Walkable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 017-124-006-000 | Improvements Assessment | $318,362 |
| Land Assessment | $159,181 | Total Assessment | $477,543 |
PROPERTY TAXES
Parcel Number
017-124-006-000
Land Assessment
$159,181
Improvements Assessment
$318,362
Total Assessment
$477,543
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Merlo & Newton Real Estate
101 N L St
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