Current Price:$315,000 List Date:1/27/2020Last Modified:1/09/2024
Description
Desirable location and nice cap rate on this investment - estimated at 7%. OWNER may carry with large down!
Tenant has 1.5+ more years on lease at $3000 a month.
The Hen House grossing $36,000 year income from lease - long term excellent tenant. Potential for growth as Holiday is slated to develop corner.
Business not for Sale - land and building only, please do not disturb patrons or employees.
Current Price: $315,000Type: CSArea: 01 - NW ReddingList Price: 395000Parcel Number: 110-020-060-000Sq Ft - Building: 1515Sq Ft - Lot: 12632SqFt - Bldg Rentable: 1515SqFt - Bldg Usable: 1515GP Zone: AND AG - AgricultureZoning: AND - C-1 - General CommercialYear Built Desc: 01-05 Years
Remarks
Directions: East on Hartnell, property is just past the Shasta View light on the right.
Contract Information
Status: ClosedSold Date: 2020-03-13Under Contract Date: 2020-01-29Sold Price: $315,000List Date: 2020-01-14Commission SO: 3Commission SO Type: %
Parking
# Off Street Spaces: 22
Addl Lease Info
# Months Remaining: 1.8# of Tenants: 1
Financial Info
Gross Income $: 36000
Property Features
Business Type: RetailPresent Use: Liquor; TavernParking: Off StreetSale Inclusions: Land; LeaseExterior: WoodRoof: CompositionLease Term: 1 - 2 yearsLease Type: GrossFloors: ConcreteUtilities: 110V; 220V; Propane; Public Water; SepticHeat/Cool: Central Air; Central Heat; Forced AirAvailable Terms: All Cash to Seller; Cash; Cash to New Loan; New Loan; Owner Carry 1stPossession: ArrangeSelling Terms: Cash
Listing Office: Venture Properties
Last Updated: January - 09 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.