202 5Th StHollister, CA 95023

Property Details for 202 5Th St

Lot size

0.04 AC

Property type

Retail properties

Property subtype

Retail space

APN

054-120-014-000

APU

54120014000

Description

This exceptional 0.04-acre lot at 202 5th Street, Hollister, CA, presents a remarkable opportunity for owner-users, builders, or investors. Strategically situated in the heart of downtown Hollister, just one block from San Benito Street and nestled on the corner of 5th and East Streets, this property boasts a highly desirable location with excellent visibility and accessibility. The lot is zoned Downtown Mixed Use, offering unparalleled flexibility. This zoning designation permits the development of both commercial and residential spaces, creating a multitude of possibilities. An owner-user could construct a ground-floor commercial space for their business, complemented by residential living quarters on the upper floors. Alternatively, this property is ideally suited for an investment venture, allowing for the creation of income-generating commercial and residential rental units. The asking price of $190,000 represents a compelling investment in a thriving downtown area with significant growth potential. Don't miss this chance to acquire a versatile property in a prime Hollister location. The property's size and zoning make it an attractive proposition for a variety of development plans. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $748,349

  6.5%

  $690,784

  7%

  $641,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,194,850

  Geo Method

  $1,194,850

• Alternative Use

  Use

  Valuation

  Residential

  $582,702

  Hospitality

  $533,752

  Educational

  $444,075

  Medical

  $459,348

  Retail

  $690,784

Location Insight

City

Hollister

County

San Benito

State

California

Latitude

36.8517

Longitude

-121.401

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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