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$ 989,900
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Active
101 N L Street Dinuba, CA 93618
16,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,500 sqft
Price per Sqft $59
MLS Listing ID 237497
Year Built 1920
Lot Size 10,000 Sqft
Property Sub-Type Commercial
Property Description
FOR SALE; Potential mix-use investment opportunity in the core of downtown Dinuba, Zoned C-2, Downtown Commercial (Zoning Ordinance attached in documents).'' This revamped and locally historic 16,500 total square feet building features four ground level commercial store fronts which are all currently rented under lease agreements. The property has many recent upgrades such as new HVAC units, flooring, windows, façade, stucco, and more. The building is in a prime location with tremendous frontage for retail space and in a high pedestrian traffic vicinity.
The four commercial storefronts total for a monthly income of $5,500 currently, with much potential of accumulating to over $6,000 per month (two of the four units percentage leases that increase yearly). The owner typically pays for the tenants water each month (one meter), while the tenants are responsible for electricity and trash. Additionally to the four commercial/ground level storefronts, the building offers nine unfinished apartments on the second floor. As well as existing completed design plans and specs (attached in documents) to finish out the build of the apartments. These plans come already stamped with city approval and are set to accommodate (9 total units) 1-studio, 1- one bedroom/one bathroom, 6-two bedroom/one bathrooms, 1-three bedroom/two bathroom unit, a community laundry room, and more. Finishing out the apartments would add tremendous value to the property and create an additional income to combat with the high rental demand in the area. The property location also provides an ideal and centralized area of town to attract potential tenants. The building is truly known and recognized as a permanent local brand in the heart of Downtown Dinuba. Come view this property and schedule your showing today!
The four commercial storefronts total for a monthly income of $5,500 currently, with much potential of accumulating to over $6,000 per month (two of the four units percentage leases that increase yearly). The owner typically pays for the tenants water each month (one meter), while the tenants are responsible for electricity and trash. Additionally to the four commercial/ground level storefronts, the building offers nine unfinished apartments on the second floor. As well as existing completed design plans and specs (attached in documents) to finish out the build of the apartments. These plans come already stamped with city approval and are set to accommodate (9 total units) 1-studio, 1- one bedroom/one bathroom, 6-two bedroom/one bathrooms, 1-three bedroom/two bathroom unit, a community laundry room, and more. Finishing out the apartments would add tremendous value to the property and create an additional income to combat with the high rental demand in the area. The property location also provides an ideal and centralized area of town to attract potential tenants. The building is truly known and recognized as a permanent local brand in the heart of Downtown Dinuba. Come view this property and schedule your showing today!
Location
State CA
County Tulare
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Other
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N N
Roof Type Metal
Building
Foundation Permanent
Sewer Public Sewer
Listed by Jace P Merlo • Johnston Merlo & Newton
