For Sale
$560,000

19 Del Puerto AvePatterson, CA 95363

High-yield retail property, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional retail storefront investment opportunity is located at 19 S Del Puerto Ave, Patterson, CA 95363. The property boasts a prime location in the heart of Patterson's downtown core, directly adjacent to City Hall and conveniently situated near the Patterson Circle. This 1,625 square foot building features two occupied units, offering a current NOI of $19,399 and a 3.46% cap rate. The pro-forma NOI is $11,873, resulting in a pro-forma cap rate of 2.12%. Built in 1953, the property sits on a 0.037-acre lot and is zoned for Downtown Core use (APN: 131-015-003-000). The asking price is $560,000, translating to a price per square foot of $344.62. This multi-tenant property presents a strong investment opportunity with excellent potential for future growth and return, given its strategic location and current 100% occupancy. The property's central location ensures high visibility and accessibility for businesses, making it an attractive investment for both seasoned and new investors seeking a stable and profitable retail asset in a thriving community.

Highlights

  • Prime downtown Patterson, CA retail storefront investment opportunity at 19 S Del Puerto Ave.
  • 1,625 SF building with two occupied units, currently generating $19,399 NOI and a 3.46% cap rate.
  • Pro-forma NOI of $11,873 and a 2.12% cap rate.
  • $560,000 asking price ($344.62/SF) on a 0.037-acre lot.
  • 100% occupied, zoned for Downtown Core use (APN: 131-015-003-000).

Property Details for 19 Del Puerto Ave

Property type
Retail properties, Retail space
Square Feet
1,625 SF
Year Built
1953
Lot Size (sq. ft)
1,612 SF
Units
2

Location Insight

City
Patterson
County
Stanislaus
State
California
Latitude
37.470804669682
Longitude
-121.13038372854
19 Del Puerto Ave, Patterson, California

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19 Del Puerto Ave
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