4810 Watt AveNorth Highlands, CA 95660

Property Details for 4810 Watt Ave

Lot size

0.07 AC

Zone code

SPA

Property type

Retail properties

Property subtype

Parking lots & garages

APN

240-0011-032-0000

APU

24000110320000

Description

This exceptional owner-user opportunity presents a 9,490-square-foot shopping center situated on a sizable 35,574-square-foot lot in North Highlands, California. The property, built in 1955, features a single-story building with three units, currently vacant. Located at 4810 Watt Ave, 95660, this retail center boasts excellent visibility and is strategically positioned within a thriving commercial area, surrounded by a mix of businesses, shops, restaurants, and multi-family residences. Its convenient location offers easy access to public transportation and benefits from nearby new developments. The property's significant lot size presents considerable upside potential for future development, allowing buyers to capitalize on value appreciation and adapt to evolving market demands. This presents a unique chance to generate passive income during any potential entitlement process for future projects. The property is offered for sale by the owner, who intends to close their business if the property is not sold. The APN numbers are 240-0011-016-0000, 240-0011-032-0000, and 240-0011-017-0000. The asking price is $2,000,000. North Highlands is a vibrant and diverse community within the Sacramento metropolitan area, known for its inclusive atmosphere and proximity to California State University, Sacramento.

• CAP approach

  CAP return

  Valuation

  6%

  $772,393

  6.5%

  $712,979

  7%

  $662,052

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,165,770

  Geo Method

  $1,165,770

• Alternative Use

  Use

  Valuation

  Residential

  $601,424

  Hospitality

  $550,901

  Educational

  $458,343

  Medical

  $474,106

  Retail

  $712,979

Location Insight

City

North Highlands

County

Sacramento

State

California

Latitude

38.6524

Longitude

-121.383

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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