1725 Fremont Blvd
8,577 SF 100% Leased Retail Building Seaside, CA 93955 $2,850,000 ($332/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- High Traffic Mixed-Use Building with Strong Historical Tenancy
- Group 3 Historical Water Uses For Ground Floor
- Owner-User Possible with All Month to Month Leases
EXECUTIVE SUMMARY
Mahoney & Associates is pleased to present to the market the opportunity to purchase 1725 Fremont Blvd. in Seaside CA. Adjacent to the Seaside Auto Center and on the corner of Columbus Ave and Fremont Blvd, this mixed-use building has two commercial tenants and five apartment units on the second floor. All the tenants in the building are on month to month leases. The ground floor commercial use is presently a bakery, which is a group 3 water use. Current rents are below market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,577 SF
Building Class
C
Year Built
1954
Price
$2,850,000
Price Per SF
$332
Cap Rate
6%
NOI
$171,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.26 AC
Zoning
Mixed-Use - Mixed-Use
Parking
15 Spaces (1.75 Spaces per 1,000 SF Leased)
Frontage
70’ on Fremont Blvd
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 011-535-025-000 | Improvements Assessment | $788,800 |
| Land Assessment | $471,016 | Total Assessment | $1,259,816 |
