3640 Main StCottonwood, CA 96022

Property Details for 3640 Main St

Year built

1979

Construction

WOOD

Lot size

5.24 AC

Property size (Sq ft)

960 SF

Property type

Investment properties

Property subtype

Live-work space

APN

088-160-073-000

APU

88160073000

Description

This exceptional 5.24-acre mixed-use property presents a unique investment opportunity in Cottonwood, CA. Ideally situated on Main Street, the property boasts four rental units generating immediate income: three residential units and one commercial space. The residential units comprise a double-wide mobile home with three bedrooms and two bathrooms, a small single-family home featuring one bedroom and one bathroom, and a single-wide mobile home with two bedrooms, one bathroom, and a detached garage. The commercial unit, previously a doughnut shop, offers versatile potential for various businesses. Each unit is individually metered for electricity and natural gas, simplifying utility management and maximizing efficiency. The expansive lot allows for significant future development, with the possibility of constructing additional buildings while maintaining the existing rental income stream to offset construction costs. This property offers a blend of immediate return on investment and substantial long-term growth potential, making it an attractive proposition for savvy investors seeking a diversified portfolio. The existing structures are in place and generating income, minimizing initial investment risk. The prime Main Street location ensures high visibility and accessibility, further enhancing the property's value and appeal. This is a rare opportunity to acquire a substantial mixed-use property in a desirable location with immediate income potential and significant upside.

• CAP approach

  CAP return

  Valuation

  6%

  $201,102

  6.5%

  $185,632

  7%

  $172,373

• Comparable approach

  Method

  Valuation

  Relative Method

  $139,810

  Geo Method

  $139,810

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $378,320

  Retail / Commercial

  $189,698

  Hospitality / Lodging

  $131,779

  Office

  $180,998

  Institutional / Educational

  $191,771

  Residential Income

  $224,372

  Multifamily

  $287,893

  Automotive / Energy

  $164,375

  Parking / Income-Based Land

  $60,073.10

  Restaurant / Food Service

  $89,313.80

  Healthcare / Senior Housing

  $193,839

Location Insight

City

Cottonwood

County

Shasta

State

California

Latitude

40.3932

Longitude

-122.282

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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