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714 S Blosser Rd 40,000 SF Industrial Building Santa Maria, CA 93458 $4,290,000 ($107.25/SF)
Investment Highlights
- Zoning is being updated to High Density Residential (30 Units/Ac)
- Great location in business friendly City of Santa Maria
- Current industrial use can generate cash flow while a new project is being entitled
Executive Summary
The site of a former vegetable cooler, this property is currently zone M-2, however in the current General Plan Update for the City of Santa Maria the property is being considered for high density residential 30 units/acre. Built in the 1950's there is 45,350 +/- square feet of improvements including warehouse, shop and office, however a portion of the warehouse was recently damaged by fire. The property is currently leased on a short-term lease to a trucking company.
Property Facts
| Price | $4,290,000 | Lot Size | 5.97 AC |
| Price Per SF | $107.25 | Rentable Building Area | 40,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1950 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | M-2 - Currently zoned M-2, the City of Santa Maria is doing a general plan update which will change the zoning to high density residential (30 units/ac) | ||
| Price | $4,290,000 |
| Price Per SF | $107.25 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 5.97 AC |
| Rentable Building Area | 40,000 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
| Zoning | M-2 - Currently zoned M-2, the City of Santa Maria is doing a general plan update which will change the zoning to high density residential (30 units/ac) |
1 1
Property Taxes
| Parcel Number | 123-140-032 | Improvements Assessment | $1,282,845 |
| Land Assessment | $1,450,172 | Total Assessment | $2,733,017 |
Property Taxes
Parcel Number
123-140-032
Land Assessment
$1,450,172
Improvements Assessment
$1,282,845
Total Assessment
$2,733,017
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714 S Blosser Rd
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