18389 Main St Jamestown, CA 95327

This exceptional mixed-use investment opportunity in Jamestown, CA, presents a compelling proposition for owner-users. Located at 18389 & 18395 Main St, this property boasts a prime location on Highway 108, enjoying high visibility with an annual average daily traffic count of 15,600 vehicles, peaking at 19,200. The property comprises two buildings totaling 7,089 square feet on a nearly one-acre lot (0.93 acres) with two APNs: 003-101-035 and 003-101-024-000. The main building, a 5,275 square foot warehouse, is currently leased until October 31, 2024, under a gross lease. The second building, a 1,814 square foot home, completely renovated in 2023, is also leased until October 31, 2024. Both buildings contribute to the property's 100% occupancy rate, achieved on September 1, 2023. The property features a new asphalt parking lot and benefits from a C-1 General Commercial and HDP Historic Design Preservation zoning designation. The asking price is $690,000, representing a price per square foot of $108.62 and a 7.25% cap rate, with a current NOI of $50,000. The property's strategic location near the under-construction Chicken Ranch Casino presents significant redevelopment potential. This is a rare opportunity to acquire a well-positioned, income-producing asset in a growing area. The property was built in 1936 and underwent renovations in 2023. The two-story building is classified as Class C.