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Income Property in Established Neighborhood 1905 Covillaud St 8,932 SF 100% Leased Retail Building Marysville, CA 95901 $625,000 ($69.97/SF) 4.79% Cap Rate
Executive Summary
Prime Multi-Tenant Commercial Investment Opportunity. Discover an excellent income-producing property in the heart of East Marysville! This versatile 8,932-square-foot commercial building features 9 well-configured units ideal for a mix of professional offices, retail shops, service businesses, and more. Only one vacancy. Currently has a 4.79 CAP Rate and with the rent out of the last unit you will have a 7.6 CAP Rate. Plenty of room in raising rents which will put you at a 10+ CAP Rate.
Whether you're an investor looking for strong cash flow or an owner-user seeking space for your business while generating rental income from the remaining units, this property delivers flexibility and potential.
Whether you're an investor looking for strong cash flow or an owner-user seeking space for your business while generating rental income from the remaining units, this property delivers flexibility and potential.
Property Facts
Sale Type
Investment
Property Type
Building Size
8,932 SF
Building Class
C
Year Built
1959
Price
$625,000
Price Per SF
$69.97
Cap Rate
4.79%
NOI
$29,938
Percent Leased
100%
Building Height
1 Story
Building FAR
0.29
Lot Size
0.71 AC
Zoning
Commercial
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 008-172-013-000 | Improvements Assessment | $549,043 |
| Land Assessment | $210,153 | Total Assessment | $759,196 |
Property Taxes
Parcel Number
008-172-013-000
Land Assessment
$210,153
Improvements Assessment
$549,043
Total Assessment
$759,196
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Income Property in Established Neighborhood | 1905 Covillaud St
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