707-709 Natoma St
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707-709 Natoma St
2,730 SF 100% Leased Retail Building Folsom, CA 95630 $2,100,000 ($769/SF) 5.89% Cap Rate
Investment Highlights
- Located within the highly desirable Historic Folsom District
Executive Summary
The MORE Real Estate Group as exclusive advisor, is pleased to present a prime investment opportunity in the Historic Folsom area! This meticulously maintained 2,730 +/- SF property consists of two buildings offering a long term Salon Suites concept. Building (1), featuring 1,500 +/- SF, was originally constructed in 1996 and fully renovated in 2020. It includes 6 private salon suites, reception and waiting area, restroom facilities, and a community kitchen. The suites feature 14 ft ceilings, laundry hookups, and large windows providing abundant natural light. Building (2) is a newly built 1,230 +/- SF structure completed in 2022, offering an additional 6 suites with 11ft ceilings, a small reception area, restrooms, and windows in every room. The lot provides 14 designated parking spots for tenants and guests as well as additional street parking, and full ADA accessibility. Located within the highly desirable Historic Folsom District, this property benefits from a strong rental history and offers investors a secure, turnkey asset in an affluent community.
**Owner occupied. Do not disturb!** Please contact Brian Martell at 916.804.0908 OR Regan Martell at 916.904.0211 for private showings. **Please CC megan@themoreexperience.com on all offers!**
**Owner occupied. Do not disturb!** Please contact Brian Martell at 916.804.0908 OR Regan Martell at 916.904.0211 for private showings. **Please CC megan@themoreexperience.com on all offers!**
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,730 SF
Building Class
C
Year Built/Renovated
1996/2022
Price
$2,100,000
Price Per SF
$769
Cap Rate
5.89%
NOI
$123,690
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.32 AC
Zoning
C1-PD
Frontage
100 FT on Natoma Street
Amenities
- 24 Hour Access
- Air Conditioning
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 070-0156-004 | Improvements Assessment | $458,135 |
| Land Assessment | $97,705 | Total Assessment | $555,840 |
PROPERTY TAXES
Parcel Number
070-0156-004
Land Assessment
$97,705
Improvements Assessment
$458,135
Total Assessment
$555,840
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M.O.R.E. Real Estate Group
707-709 Natoma St
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