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500 San Benito St 16,785 SF Office Building Hollister, CA 95023 $6,565,000 ($391.12/SF)
Investment Highlights
- 16,785 SF mixed-use building with ground-floor retail and 12 fully rebuilt residential units.
- Fully built-out basement with walk-in refrigeration and food storage.
- Stabilized in-place income with a 5.00%+ cap rate at asking.
- Major capital improvements completed, including new roof and upgraded elevator.
- Located on Hollister’s primary retail corridor with strong pedestrian activity.
- Reduced deferred maintenance exposure for long-term operational efficiency.
Executive Summary
500 San Benito Street presents a fully repositioned mixed-use investment opportunity in the heart of Downtown Hollister. This ±16,785 SF asset combines ground-floor retail with 12 newly rebuilt residential units, offering a diversified income stream and long-term stability. The property underwent a comprehensive interior redevelopment, including a new roof, upgraded elevator system, refreshed exterior and interior finishes, and substantial building systems enhancements.
The ground floor is anchored by an in-place restaurant tenant with a fully built-out basement featuring walk-in refrigeration and food storage, ensuring operational depth and tenant retention. Zoned Downtown Mixed Use (DMU), the property supports both commercial and residential uses, benefiting from consistent pedestrian traffic and proximity to civic and retail destinations.
Positioned along Hollister’s primary retail corridor, the asset offers investors a stabilized income profile with a reported 5.00%+ cap rate at asking. With major capital improvements completed and reduced deferred maintenance exposure, this property is well-suited for investors seeking a turnkey asset in a growing market.
The ground floor is anchored by an in-place restaurant tenant with a fully built-out basement featuring walk-in refrigeration and food storage, ensuring operational depth and tenant retention. Zoned Downtown Mixed Use (DMU), the property supports both commercial and residential uses, benefiting from consistent pedestrian traffic and proximity to civic and retail destinations.
Positioned along Hollister’s primary retail corridor, the asset offers investors a stabilized income profile with a reported 5.00%+ cap rate at asking. With major capital improvements completed and reduced deferred maintenance exposure, this property is well-suited for investors seeking a turnkey asset in a growing market.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
16,785 SF
Building Class
C
Year Built
1927
Price
$6,565,000
Price Per SF
$391.12
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
4,000 SF
Slab To Slab
9’
Building FAR
3.85
Lot Size
0.10 AC
Zoning
C4
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 054-080-009-000 | Improvements Assessment | $824,124 |
| Land Assessment | $378,850 | Total Assessment | $1,202,974 |
Property Taxes
Parcel Number
054-080-009-000
Land Assessment
$378,850
Improvements Assessment
$824,124
Total Assessment
$1,202,974
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500 San Benito St
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