Description
FULLY OCCUPIED corner commercial location this property is a 13,211-square foot mixed-use retail and office. The improvements were originally constructed in 1950, expanded in 2009, renovated in 2011, and are situated on a 2.12-acre site. This location is anchored by a Bar & Grill that consists of a 6,971 square-foot main building, which is 100% occupied by Zocalo Bar & Grill, and a 6,240 square-foot office building which is 100% occupied by three tenants. As per the seller's recent appraisal, effective gross income is $215,006 with an NOI of $144,812 giving you a solid cap rate of 9%. The seller has authorized the partial release of recent appraisal from March 2020 to show an appraisal value of $1,650,000. If you are interested in a private tour call me today.
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0BEDS
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2.12ACRES
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0BATHS
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01/2 BATHS
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13,211SQFT
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$95$/SQFT
School Ratings & Info
Description
FULLY OCCUPIED corner commercial location this property is a 13,211-square foot mixed-use retail and office. The improvements were originally constructed in 1950, expanded in 2009, renovated in 2011, and are situated on a 2.12-acre site. This location is anchored by a Bar & Grill that consists of a 6,971 square-foot main building, which is 100% occupied by Zocalo Bar & Grill, and a 6,240 square-foot office building which is 100% occupied by three tenants. As per the seller's recent appraisal, effective gross income is $215,006 with an NOI of $144,812 giving you a solid cap rate of 9%. The seller has authorized the partial release of recent appraisal from March 2020 to show an appraisal value of $1,650,000. If you are interested in a private tour call me today.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Ryan & Brian Real Estate Team | Tierra Frontera, LLC. Data last updated: 2021-02-25T00:16:31.057.