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$750,000
Est. payment /mo
5,227 Sqft Lot
UPDATED:
12/05/2024 03:47 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24430075
HOA Y/N No
Year Built 1988
Lot Size 5,227 Sqft
Property Description
Prime Commercial Investment Opportunity in Los OsosPresenting a rare opportunity to acquire a high-visibility commercial property located at 2005 9th Street, Los Osos. This 3,720 sq ft building sits on a 5,227 sq ft lot at a prominent corner location with on-site parking. The property currently hosts service-based businesses, making it an ideal space for similar tenants.The property has undergone recent inspections, including building and pest assessments, providing transparency and peace of mind for potential investors. With two vacancies offering rental potential between $450 to $850 per month, there's significant upside for increased income. The property is currently generating a Net Operating Income (NOI) of $21,431 with a cap rate exceeding 3%, making it a strong candidate for value-add investors.Given its strategic location and the limited availability of commercial spaces in Los Osos, this property is poised for appreciation. Whether you're looking to expand your portfolio or invest in a community-focused commercial space, 2005 9th Street offers both stability and potential for growth.
Location
State CA
County San Luis Obispo
Area Osos - Los Osos
Zoning CR
Interior
Fireplace No
Exterior
Total Parking Spaces 9
Building
Story 2
Others
Tax ID 038652042
Special Listing Condition Standard
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Listed by Jody Neal • Berkshire Hathaway HomeServices California Properties