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9292-9298 Madison Ave 1,500 SF Office/Medical Condo Unit Offered at $384,492 in Orangevale, CA 95662
Investment Highlights
- 1,500 SF, Class B rated building
- 100% occupancy
- Built in 1983
- Lease expire in Dec 2026, tenant in interested in staying, but flexible for an owner/occupant
Executive Summary
Discover an exceptional investment or owner-occupier opportunity with the acquisition of a 1,500 SF building in the vibrant Orangevale area. Meticulously maintained and built in 1983, this property offers a solid foundation for discerning office or office building investors and owner-occupiers alike. With full occupancy and the current lease set to expire in December 2026, this opportunity provides flexibility for potential owneroccupiers or a stable income stream for investors. Zoned SC, this property presents a compelling turnkey business prospect in a highly desirable location, ideal for those seeking stable returns and future growth potential.
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1 Unit Available
Unit 9298
| Unit Size | 1,500 SF | Sale Type | Investment or Owner User |
| Price | $384,492 | Cap Rate | 3.74% |
| Price Per SF | $256.33 | NOI | $14,380 |
| Condo Use | Office/Medical | APN/Parcel ID | 235-0610-031-0000 |
| Unit Size | 1,500 SF |
| Price | $384,492 |
| Price Per SF | $256.33 |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.74% |
| NOI | $14,380 |
| APN/Parcel ID | 235-0610-031-0000 |
Description
Nestled in the thriving community of Orangevale, the location of this property offers an ideal setting for owner-occupant buyers seeking a place to establish their business. Just a short drive from Folsom Lake and the American River, the area provides a refreshing balance between work and leisure. Nearby dining options include Casa Ramos and Original Granites, while the Folsom Premium Outlets offer convenient shopping opportunities. With its attractive surroundings and promising commercial landscape, the area presents an enticing prospect for owner-occupant buyers looking to invest in a dynamic and stimulating work environment. Condo Association dues cover: all building exterior, fencing, garbage container collection, landscaping, janitorial, common area lighting, upkeep and maintenance Property was renovated and third floor space with additional office and bathroom added by previous owner who was a General Contractor (date unknown)
Sale Notes
Discover an exceptional investment or owner-occupier opportunity with the acquisition of a 1,500 SF building in the vibrant Orangevale area. Meticulously maintained and built in 1983, this property offers a solid foundation for discerning office or office building investors and owner-occupiers alike. With full occupancy and the current lease set to expire in December 2026, this opportunity provides flexibility for potential owner occupiers or a stable income stream for investors. Zoned SC, this property presents a compelling turnkey business prospect in a highly desirable location, ideal for those seeking stable returns and future growth potential.
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Property Facts
| Total Building Size | 1,500 SF | Floors | 3 |
| Property Type | Office (Condo) | Typical Floor Size | 500 SF |
| Property Subtype | Medical | Year Built | 1982 |
| Building Class | B | Lot Size | 0.09 AC |
| Zoning | SC - Light Commercial | ||
| Total Building Size | 1,500 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 500 SF |
| Year Built | 1982 |
| Lot Size | 0.09 AC |
| Zoning | SC - Light Commercial |
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Alvin Dean Warren |
1,500 SF
|
December 2026
|
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9292-9298 Madison Ave
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