982 HobsonwayBlythe, CA 92225

Property Details for 982 Hobsonway

Year built

1947

Lot size

2.11 AC

Property size (Sq ft)

12,420 SF

Zone code

M1

Property type

Gas stations

APN

854-020-011

APU

854020011

Description

This exceptional commercial property in Blythe, CA presents a rare investment opportunity. The expansive 12,420 square foot building sits on a sizable 2.11-acre lot, offering significant versatility. The property features a generous amount of open industrial space ideal for warehousing, manufacturing, or similar uses, complemented by multiple office spaces suitable for administrative functions or separate tenant occupancy. Its location on the busiest street in Blythe ensures high visibility and substantial foot traffic, a significant advantage for any business. The strategic placement next to the town's only grocery stores further enhances its appeal and potential for customer interaction. The entire property is fully fenced, providing enhanced security and peace of mind. This feature also opens possibilities for future expansion, allowing for the addition of storage facilities or other supplementary structures to meet evolving business needs. The substantial size of the lot and the building's adaptable layout make this property suitable for a wide range of commercial enterprises. This is a unique chance to acquire a high-traffic, well-located commercial building with ample space and development potential in a thriving community. Don't miss this chance to establish your business in a prime location. The asking price is $350,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,235,158

  6.5%

  $2,986,300

  7%

  $2,772,992

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,135,280

  Geo Method

  $5,135,280

• Alternative Use

  Use

  Valuation

  Residential

  $2,519,056

  Hospitality

  $2,307,441

  Educational

  $1,919,764

  Medical

  $1,985,788

  Retail

  $2,986,300

Location Insight

City

Blythe

County

Riverside

State

California

Latitude

33.6096

Longitude

-114.585

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].