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405 W D St
Lemoore, CA 93245
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Owner User/Investment Opportunity: Restaurant & Apartment
- ±1,500 SF Occupied Apartment & ±570 SF Garage Included in Sale
- Restaurant Equipment Owned By Current Tenant
- ±1,900 SF Remodeled Restaurant in Lemoore, CA
- ±350 SF Office & ±1,500 SF Storage Below Apartment
- New Urethane Enhanced White Waterproof Roof Coating
EXECUTIVE SUMMARY
Leased freestanding buildings totaling ±5,820 SF consisting of commercial & residential units. The property includes a ±1,900 SF restaurant space & a ±1,500 SF apartment with an attached ±570 SF garage. There is additional potential to lease out a ±350 office suite & a ±1,500 SF warehouse/storage suite. This is a value-add opportunity with current occupancy at 68% and actual collected rents totaling $39,600 per year, with upside potential. The site features great visibility, convenient parking, & easy access to nearby CA-41 & CA-198 on/off ramps.
The value-add opportunity consists of addressing the below-market rent of the (2) existing tenants, extending lease length over the next 6-12 months. After addressing the slightly under-market rents, the realistic stabilized gross annual income is $50,100.00\year. Unique investment offering easy to-rent small spaces within an under-built market offering a strong need for these type of units.
The value-add opportunity consists of addressing the below-market rent of the (2) existing tenants, extending lease length over the next 6-12 months. After addressing the slightly under-market rents, the realistic stabilized gross annual income is $50,100.00\year. Unique investment offering easy to-rent small spaces within an under-built market offering a strong need for these type of units.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,500 SF
Building Class
B
Year Built
1976
Price
$575,000
Price Per SF
$76.67
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.67
Lot Size
0.26 AC
Zoning
DMX-1 - Commercial Mixed-use
Parking
10 Spaces (1.33 Spaces per 1,000 SF Leased)
Frontage
102’ on D St
PROPERTY TAXES
| Parcel Number | 020-082-006-000 | Improvements Assessment | $268,239 |
| Land Assessment | $78,197 | Total Assessment | $346,436 |
PROPERTY TAXES
Parcel Number
020-082-006-000
Land Assessment
$78,197
Improvements Assessment
$268,239
Total Assessment
$346,436
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