For Sale
$875,000

355 Las Palmas Ave Patterson, CA 95363

Historic Downtown Patterson Office

Overview

Added:
Dec 11, 2024
Days on market:
132
A 3,484 sq ft, Class A, 7-unit office building in Patterson, CA's downtown core. Built in 1921 and renovated in 1980, this 100% occupied property features seven individual offices and a central conference room, offering a blend of privacy and collaboration. Located on a 0.128-acre lot (APN 131-014-028-000), it boasts excellent visibility and accessibility. The property is currently listed at $875,000, representing a $251.15/sq ft price and a 5.35% cap rate. The building is zoned for downtown core use and benefits from a NNN lease structure. Patterson's planned annexation of 5086 new residential units promises significant future growth potential. This multi-tenant property presents a unique investment opportunity in a thriving downtown area. The building's stucco over brick exterior and Classical Revival architecture maintain its historic charm.

Highlights

  • Class A, 7-unit office building totaling 3,484 sq ft in Patterson, CA's downtown core.
  • 100% occupied with seven individual offices and a central conference room.
  • Situated on a 0.128-acre lot (APN 131-014-028-000) with excellent visibility and accessibility.
  • Listed at $875,000, representing a $251.15/sq ft price and a 5.35% cap rate.
  • Features a NNN lease structure and benefits from Patterson's planned residential growth.

Property Details for 355 Las Palmas Ave

Property type
Office properties
Square Feet
3,484 SF
Class
A
Year Built/Renovated
1921/1980
Buildings
1
Lot Size (sq. ft)
5,576 SF
Units
7

Location Insight

City
Patterson
County
Stanislaus
State
California
Latitude
37.4709245
Longitude
-121.1319497

FAQs

What type of property is this?
Office property - Historic Downtown Patterson Office
Where is the office property located?
The property is located at 355 Las Palmas Ave Patterson, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Class A, 7-unit office building totaling 3,484 sq ft in Patterson, CA's downtown core.; 100% occupied with seven individual offices and a central conference room.; Situated on a 0.128-acre lot (APN 131-014-028-000) with excellent visibility and accessibility.
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355 Las Palmas Ave
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