Mixed-Use Mini Mart/Residential 212 S E St 4,980 SF 100% Leased Retail Building Santa Rosa, CA 95404 $2,198,000 ($441.37/SF) 5.87% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased
- Corner lot close to Downtown
- Ample parking
- Mixed Use Zoning
- Strong Anchor Tenant
- Attractive Cap Rate
EXECUTIVE SUMMARY
Welcome to 212 South E Street!
Charming multi family mixed use opportunity, offering three separate residential condo suites atop a corner lot Convenience Store. Within a walking distance from downtown Santa Rosa, and just minutes from the 101 FWY, this space presents rewarding potential.
Sam’s Market and Deli recognized as the buildings anchor tenant, which occupies the entire first floor, has been in the business going on 20 years and a local favorite. The three additional residential income condos are fully occupied and remain highly sought after continually. Parking lot offers 11 individual spaces including handicap parking at front.
Well maintained, with upgrades including efficient dual pane glass windows, as well as servicing of roof and HVAC systems. Extraordinary Return on Investment with an attractive 1031 Tax Deferred Exchange opportunity for the savvy investor to consider.
Charming multi family mixed use opportunity, offering three separate residential condo suites atop a corner lot Convenience Store. Within a walking distance from downtown Santa Rosa, and just minutes from the 101 FWY, this space presents rewarding potential.
Sam’s Market and Deli recognized as the buildings anchor tenant, which occupies the entire first floor, has been in the business going on 20 years and a local favorite. The three additional residential income condos are fully occupied and remain highly sought after continually. Parking lot offers 11 individual spaces including handicap parking at front.
Well maintained, with upgrades including efficient dual pane glass windows, as well as servicing of roof and HVAC systems. Extraordinary Return on Investment with an attractive 1031 Tax Deferred Exchange opportunity for the savvy investor to consider.
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,980 SF
Building Class
B
Year Built/Renovated
1949/2015
Price
$2,198,000
Price Per SF
$441.37
Cap Rate
5.87%
NOI
$129,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.85
Lot Size
0.13 AC
Zoning
CITYSR - Stores and Residential
Parking
11 Spaces (2.51 Spaces per 1,000 SF Leased)
Frontage
70’ on E
AMENITIES
- Corner Lot
- Monument Signage
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sam Market
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sam Market | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 009-203-011 | Improvements Assessment | $261,255 (2023) |
| Land Assessment | $87,075 (2023) | Total Assessment | $348,330 (2023) |
