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Original Kim Wing & The Spicery 228 1st St 2,400 SF Retail Building Marysville, CA 95901 $449,000 ($187.08/SF)
Investment Highlights
- Taken down to the studs in 2017
- New sewer lateral
- New electrical throughout
- State of the art food processing
Executive Summary
Own a piece of history with the convenience and comfort of modern construction! This is a rare opportunity to live and work in a historic building with a ton of Chinese history. The Kim Wing building was taken down to the studs'' and completely renovated in 2017 (fully permitted), including electrical (110 & 220), plumbing, HVAC, sewer lateral, water lines, water heater, all doors, all double-pane windows, flooring, interior sheetrock, paint, a back deck, and a complete seismic retrofit. It is next-to-new with brick walls more than 100-years-old. The Kim Wing Building at 228 1st Street is one of the most historic buildings in Marysville's Chinatown. Originally built one block from the gold rush era waterfront in 1857, this building was the residence and storefront of Kim Wing, a civic leader, entrepreneur, and head of a growing family in Marysville's Chinese Community. As Kim Wing's business grew, the building did too, with a second story and the current Victorian facade, which features an ornamented parapet with dentiled cornice and frieze of patterned bricks, added in 1913. The metal balcony has been one of the best viewing locations for Marysville's Bok Kai Parade and Bomb Day festivities for more than 100 years. For the last eight years, the building has been a production center for a State-licensed, FDA-compliant craft food business. The downstairs housed a small showroom with a local retail presence doubling as an internet picking area, and in back were warehousing, milling & processing rooms, a ware-washing area, and an ADA compliant bathroom. The upstairs, designed as a 1200-sf studio living area, housed an executive office and workstations, a laundry area, full bathroom, and demonstration kitchen. Perfect for your live/work dream, or rent out the downstairs and live upstairs, or rent out both floors. The Kim Wing Building is walkable to restaurants, shops, museums, and City Parks, with easy commute to CA-70, CA-65, and CA-20.
Property Facts In Escrow
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
1913/2017
Price
$449,000
Price Per SF
$187.08
Building Height
2 Stories
Building FAR
1.78
Lot Size
0.03 AC
Zoning
Mixed-Use Neighborhood - Residential, retail, office, live and work. Coffee shop and food processing. Insurance, Real Estate, professional offices and much more.
Frontage
20’ on 1st Street
Amenities
- 24 Hour Access
- Fenced Lot
- Skylights
- Tenant Controlled HVAC
- Roof Terrace
- Air Conditioning
- Balcony
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $190,239 | |
| Land Assessment | $36,345 | Total Assessment | $226,584 |
Property Taxes
Parcel Numbers
Land Assessment
$36,345
Improvements Assessment
$190,239
Total Assessment
$226,584
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Original Kim Wing & The Spicery | 228 1st St