1124 3rd, Crescent City, Ca 95531-8301
- $2,723,339
- 18,562
- SqFt
- List Price
- $2,723,339
- Status
- ACTIVE
- MLS#
- 260271
- Days on Market
- 37
- Year Built
- 1960
- Acres
- 1.32
- Living Area
- 18,562
- Region
- Crescent City
- Subdivision
- Other
Property Description
The net operating income is currently $156,592 with 10 years remaining on the lease (10% increase every 6 yrs.) 1- 5 yr. extension. 5.75% cap. Parking field to be completely replaced soon ($127,000 improvement). Over 30 years of operation at this location. Recent studies have shown that in times of increasing inflation, Discount Grocers dramatically increase their market share. Why not invest in a free-standing, well established, proven volume store that is at the gateway to the downtown area and high-visibility on Hwy 101 So.
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Additional Information
- View
- Yes
- Exterior Features
- Gutters, Loading Docks
- Utilities
- Electric
- Days on Market
- 37
Mortgage Calculator
Listing Courtesy of: Roy Tedsen with INVESTMENT REALTY HOMES INC..
Listing Broker's Offer Of Compensation, If Provided:
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.