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198 5th ave
Gustine, CA 95322
Commercial property in downtown Gustine · Land For Sale
·
0.32 AC
Investment Highlights
- Long-term tenants
Executive Summary
Excellent income-producing investment opportunity in Gustine! Offered at $479,000 with an estimated 7.87% cap rate, this property features two established, long-term tenants generating $39,336 in annual rental income. Minimal landlord expenses and a strong rental history make this an attractive, low-maintenance investment with immediate cash flow.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Mixed Use |
| Property Type | Land | Total Lot Size | 0.32 AC |
| Zoning | Commercial - Misc/Minor Comm | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.32 AC |
| Zoning | Commercial - Misc/Minor Comm |
1 Lot Available
Lot
| Price | $479,000 | Lot Size | 0.32 AC |
| Price Per AC | $1,496,875.00 |
| Price | $479,000 |
| Price Per AC | $1,496,875.00 |
| Lot Size | 0.32 AC |
7.87% Cap Rate. Great location in Gustine, downtown. Corner is shared with McDonald's and Chevron. Two long-term secured tenant, Watermill Express, which offers drinking water to the city of Gustine residents. On the other half, fleet gas.
Description
Tank 1 – 10,000 gallons, installed 06/01/1997, Double Wall Construction. Tank 2 – 5,000 gallons, installed 06/01/1997, Double Wall Construction. Tank 3 – 10,000 gallons, installed 06/01/1997, Double Wall Construction. Tank 5 – 5,000 gallons, installed 06/01/1997, Double Wall Construction.
Property Taxes
| Parcel Number | 020-015-006 | Improvements Assessment | $182,000 |
| Land Assessment | $72,828 | Total Assessment | $254,828 |
Property Taxes
Parcel Number
020-015-006
Land Assessment
$72,828
Improvements Assessment
$182,000
Total Assessment
$254,828
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