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128 S E St 10,000 SF 100% Leased Retail Building Exeter, CA 93221 $749,900 ($74.99/SF)
EXECUTIVE SUMMARY
An exceptional investment opportunity in the heart of downtown! This iconic 1928 red-brick Masonic building offers timeless architecture, solid construction, and a prime location with high visibility and foot traffic. Property Highlights: • Two long-term tenants in place: a thriving restaurant and a well-established thrift store, providing immediate rental income • Upstairs event space featuring a full commercial kitchen, ideal for private functions, weddings, community events, or potential additional rental revenue • Brick construction with classic 1920s architectural details • Multiple entrances and large display windows • Approximately 10,000 square footage of flexible commercial space • Potential for mixed-use redevelopment or continued commercial rental • Located in a vibrant downtown district surrounded by shops, cafes, and public amenities Whether you're looking to expand your portfolio or own a piece of local history, this historic Masonic building blends character and functionality.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built
1928
Price
$749,900
Price Per SF
$74.99
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.28
Lot Size
0.18 AC
Zoning
C - Commercial
Parking
20 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
50’ on E St
AMENITIES
- Restaurant
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 135-121-005-000 | Improvements Assessment | $397,953 |
| Land Assessment | $79,590 | Total Assessment | $477,543 |
PROPERTY TAXES
Parcel Number
135-121-005-000
Land Assessment
$79,590
Improvements Assessment
$397,953
Total Assessment
$477,543
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128 S E St
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