201 5Th StHollister, CA 95023

Property Details for 201 5Th St

Lot size

0.08 AC

Property type

Retail properties

Property subtype

Bars

APN

054-090-007-000

APU

54090007000

Description

This exceptional commercial building, located at 201 5th Street in the heart of historic downtown Hollister, California, presents a unique investment opportunity. The 3,900 square foot building sits on a 0.08-acre lot and is currently priced at $900,000, reflecting a recent $100,000 price reduction. The property's prime location on a street lined with historic buildings offers significant visibility and accessibility. The existing structure offers immediate income potential, although the current rental income does not reflect the substantial upside potential. A key feature is the approved second-story development plan. City and fire department inspections have confirmed the feasibility of converting the second floor into residential units, with the potential for up to six studio apartments or four one-bedroom apartments. This presents a significant opportunity to increase rental income and enhance the overall return on investment. The sale includes the building and the land only

• CAP approach

  CAP return

  Valuation

  6%

  $1,509,904

  6.5%

  $1,393,758

  7%

  $1,294,203

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,410,786

  Geo Method

  $2,410,786

• Alternative Use

  Use

  Valuation

  Residential

  $1,175,687

  Hospitality

  $1,076,923

  Educational

  $895,987

  Medical

  $926,801

  Retail

  $1,393,758

Location Insight

City

Hollister

County

San Benito

State

California

Latitude

36.8511

Longitude

-121.401

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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