This exceptional mixed-use property in Colusa, California, presents a rare investment opportunity. The 16,114 square foot building, constructed in 1932 and extensively renovated in 2022, boasts a captivating history as the Tuscan "Masons" Lodge. Currently housing three tenants, including Fastenal, New Attitude, and the California Department of Education, the property enjoys 100% occupancy with a gross lease structure. Individual leases range from 3.6 to 4.8 years remaining, with built-in rent increases. The current Net Operating Income (NOI) stands at $33,432, yielding a 5.14% cap rate, with potential for significant growth. The property includes three distinct commercial spaces (2 retail, 1 office) totaling 6,606 square feet, generating substantial rental income. The owner currently occupies approximately 7,160 square feet, including a shop and storage shed. The second story, a beautifully restored lodge with original woodwork, maple and cedar floors, and updated kitchen and bathroom, offers significant potential for additional income as an event space, additional office suites, or continued residential use. The 0.34-acre lot provides ample off-street parking. The property is zoned commercial and features all original windows with insulated inserts. Annual operating expenses total $24,561, encompassing taxes, trash, water/sewer, and insurance. This meticulously maintained property offers a blend of historical charm and modern functionality, making it an ideal investment for discerning buyers. The property's location at 522 7th St, Colusa, CA 95932, offers excellent visibility and accessibility. The asking price is $650,000.
Highlights
$650,000 asking price for a 16,114 square foot mixed-use property in Colusa, CA.
Net lease investment opportunity with owner-occupied space.
Three commercial tenants: Fastenal (3,250 SF), New Attitude (1,896 SF), and Department of Education (560 SF).
100% occupancy with a current NOI of $33,432 and a 5.14% cap rate.
Building features include a renovated 7,160 SF lodge, a 1,275 SF shop, and a storage shed, all currently owner-occupied. Annual operating expenses total $24,561.
Specialty property - Prime location, high occupancy, strong NOI.
Where is the specialty property located?
The property is located at 522 7Th St Colusa, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: $650,000 asking price for a 16,114 square foot mixed-use property in Colusa, CA.; Net lease investment opportunity with owner-occupied space.; Three commercial tenants: Fastenal (3,250 SF), New Attitude (1,896 SF), and Department of Education (560 SF).
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Contacts
amber torres
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7Th St Colusa, CA 95932
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7Th St Colusa, CA 95932
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522 7Th St
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