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2014 Palmetto Ave 2,594 SF 100% Leased Office Building Pacifica, CA 94044 $1,295,000 ($499.23/SF) 4.32% Cap Rate
EXECUTIVE SUMMARY
Ideal for the savvy investor or owner/user, 2014 Palmetto Ave presents a prime opportunity. This 2,800 SF building encompasses 4 distinct units, offering potential for versatile use and income streams. With long-term tenants in place, this property provides stability and a reliable income stream for the future. Zoned CL00C1, this property is strategically situated in the sought-after Pacifica area, guiding investors and owner/users toward a promising future. With its classic charm and functional layout, this property is a compelling prospect for those seeking a solid office/retail investment or seeking to occupy the space for their own use.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,594 SF
Building Class
C
Year Built
1935
Price
$1,295,000
Price Per SF
$499.23
Cap Rate
4.32%
NOI
$55,913
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,297 SF
Building FAR
0.27
Lot Size
0.22 AC
Zoning
CL00C1
Parking
6 Spaces (2.31 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 016-181-110 | Improvements Assessment | $96,900 |
| Land Assessment | $1,076,100 | Total Assessment | $1,173,000 |
PROPERTY TAXES
Parcel Number
016-181-110
Land Assessment
$1,076,100
Improvements Assessment
$96,900
Total Assessment
$1,173,000
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2014 Palmetto Ave
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