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1608 F St
Modesto, CA 95354
Office Property For Sale
Investment Highlights
- Lots of natural light
- Exposed wood beams in front lobby
- A-frame cabin style
Executive Summary
Work where you live at 1608 F Street (a commercial office building with hybrid residential studio potential)! The commercial building spans 1350 square feet and currently has a professional real estate tenant paying $3,500 a month (M-to-M although lease might be extended as per the new owner) which presents an attractive income opportunity. This property could also be an ideal location for those looking to capitalize on a prime location for a professional office as an owner/user with the new court house opening up this year just blocks away. The building was built in 1984 and has been rigorously maintained. With an A-Frame design and lots of wood finishes this office looks like a mountain chalet! The property contains an off-street concrete parking lot with room for 4 cars which is a major plus downtown as well as two decks (upper and lower). Lots of room for file storage as well. Owner will consider financing with excellent credit and substantial downpayment.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
1,350 SF
Building Class
B
Year Built/Renovated
1984/2024
Price
$449,950
Price Per SF
$333.30
Cap Rate
9.33%
NOI
$41,980
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
675 SF
Building FAR
0.19
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
TND - Zoned Residential with office "grandfathered" in (TND; Traditional Neighborhood Downtown as per City of Modesto re-zone of 2015)
Parking
4 Spaces (2.96 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fenced Lot
- Security System
- Signage
- Reception
- Storage Space
- Monument Signage
- Outdoor Seating
- Air Conditioning
- Balcony
- Smoke Detector
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