For Sale
$3,750,000

392 Main St Woodland, CA 95695

5.35-acre mixed-use opportunity, strong income.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 5.35-acre redevelopment opportunity in Woodland, CA, presents a compelling investment at $3,750,000. Located at the high-traffic intersection of West Main Street and County Road 98, this property comprises three parcels zoned Corridor Mixed Use (CMU-WN), allowing for a density of 20-40 dwelling units per acre. The existing improvements generate a substantial net operating income (NOI) of $191,578, yielding a 5.11% capitalization rate. The total square footage is 232,971, with 25,600 square feet of net rentable space currently occupied by fifteen tenants generating over $265,000 in gross income. The land value is $16.10 per square foot. The property's zoning offers significant flexibility for diverse development projects, including retail, apartments, hotels, or a combination thereof, benefiting from a recently approved zoning code that encourages Class A development in a supply-constrained market. Further details regarding the city's 2035 General Plan and zoning regulations are available through the City of Woodland's website. This fee-simple ownership presents a rare chance to capitalize on a prime location with existing income and significant upside potential in a thriving California market. The property is offered as a fee simple ownership.

Highlights

  • Exceptional 5.35-acre redevelopment opportunity in Woodland, CA, generating over $265,000 in gross income from 15 existing tenants.
  • Corridor Mixed Use (CMU-WN) zoning allows for flexible development up to 20-40 dwelling units per acre.
  • Prime 5.35-acre site situated at the hard corner of West Main Street and County Road 98 in Woodland, CA, encompassing three parcels.
  • High-traffic location on West Main Street and County Road 98 (I-5 Business Loop) offers strong visibility and accessibility.

Property Details for 392 Main St

Property type
Retail properties, Restaurants
Square Feet
232,971 SF
Lot Size (sq. ft)
233,046 SF

Location Insight

City
Woodland
County
Yolo
State
California
Latitude
38.6780872
Longitude
-121.8020979

FAQs

What type of property is this?
Retail property - 5.35-acre mixed-use opportunity, strong income.
Where is the retail property located?
The property is located at 392 Main St Woodland, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Exceptional 5.35-acre redevelopment opportunity in Woodland, CA, generating over $265,000 in gross income from 15 existing tenants.; Corridor Mixed Use (CMU-WN) zoning allows for flexible development up to 20-40 dwelling units per acre.; Prime 5.35-acre site situated at the hard corner of West Main Street and County Road 98 in Woodland, CA, encompassing three parcels.
How can I contact the broker?
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392 Main St
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