36 Main St
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36 Main St
6,205 SF Retail Building Sutter Creek, CA 95685 $890,000 ($143/SF) 9.22% Cap Rate
Investment Highlights
- HISTORICAL BUILDING...MALATESTA BUILDING SINCE 1860(ORIGINAL BUILDING REBUILT AFTER FIRE IN 1888)
- SUCCESSFUL RESTURANT SPACE FOR MANY YEARS
- THE CENTER OF TOWN'S ENTERTAINMENT DISTRICT
Executive Summary
CURRENT LONG TERM TENANT HAS 2 YEARS LEFT ON CURRENT LEASE WITH AN OPTION TO RENEW FOR 3 ADDITIONAL YEARS AT NEW RATE
MOTIVATED SELLER...PRICE REDUCTION. CAP RATE OVER 9%. GREAT INVESTMENT..VERY SUCCESSFUL LONG TERM TENANTS
MOTIVATED SELLER...PRICE REDUCTION. CAP RATE OVER 9%. GREAT INVESTMENT..VERY SUCCESSFUL LONG TERM TENANTS
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$82,800
|
$13.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,800
|
$13.34
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $82,800 |
| Annual Per SF | $13.34 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $82,800 |
| Annual Per SF | $13.34 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,205 SF
Building Class
C
Year Built
1850
Price
$890,000
Price Per SF
$143
Cap Rate
9.22%
NOI
$82,087
Tenancy
Single
Building Height
2 Stories
Building FAR
1.58
Land Acres
0.09 AC
Zoning
NC - C1
Frontage
40 FT on MAIN STREET
Amenities
- Restaurant
- Signage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Cavanas Pub & Grub
- Accommodation and Food Services
- -
- -
- Full Service Gross
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Cavanas Pub & Grub | Accommodation and Food Services | - | - | Full Service Gross | - |
PROPERTY TAXES
| Parcel Number | 018-161-011-000 | Improvements Assessment | $585,980 (2023) |
| Land Assessment | $199,118 (2023) | Total Assessment | $785,098 (2023) |
PROPERTY TAXES
Parcel Number
018-161-011-000
Land Assessment
$199,118 (2023)
Improvements Assessment
$585,980 (2023)
Total Assessment
$785,098 (2023)
-
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