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21249 Hwy 175 Hwy

6,916 SF Specialty Building Offered at $875,000 at a 6% Cap Rate in Middletown, CA 95461

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Investment Highlights

Zoning allows for multi-family
Ample on-site parking

Walking distance to restaurants, shopping, public transportaion.

Executive Summary

Introducing an incredible Middletown investment opportunity. This versatile property boasts a unique blend of functionality, currently serving as a church with offices, and a spacious event room featuring a well-equipped kitchen. The consolidation of two parcels has created a dual zoning status of R1 and R2, opening up the potential for multi-family development. Strategically positioned along Hwy 175, the property enjoys high visibility with a daily traffic count of 3200+ vehicles, complemented by over 11,000 vehicles passing by Hwy 29 just a block away. This prime location presents a myriad of possibilities, from establishing a family compound to leveraging the R2 zoning for a lucrative multifamily income investment. Don't miss your chance to capitalize on this dynamic property that offers both immediate utility and long-term potential. Explore the endless prospects awaiting in Middletown, the gateway to Lake County.

Property Facts

Price	$875,000	Building Class	C
Price Per SF	$127	Lot Size	0.74 AC
Sale Type	Investment or Owner User	Building Size	6,916 SF
Cap Rate	6%	No. Stories	2
Property Type	Specialty	Year Built	1900
Property Subtype	Religious Facility Specialty Lodge Meeting Hall Specialty Schools Specialty Winery Vineyard

Price	$875,000
Price Per SF	$127
Sale Type	Investment or Owner User
Cap Rate	6%
Property Type	Specialty
Property Subtype	Religious Facility Specialty Lodge Meeting Hall Specialty Schools Specialty Winery Vineyard
Building Class	C
Lot Size	0.74 AC
Building Size	6,916 SF
No. Stories	2
Year Built	1900