$750k Price Reduction | Browns Corner
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Investment Highlights
- Fantastic Development Opportunity With Over $265,000 of Gross Income From (15) Existing Tenants
- 5.35 Acres Sprawled Across Three Parcels and Located on One of the Best Hard Corners in Woodland, CA
- Corridor Mixed Use Zoning Allows For Significant Flexibility (CMU-WN)
- Strong Traffic Counts Along W. Main Street and County Road 98 (I-5 Business Loop)
Executive Summary
ALIVE Commercial Real Estate is excited to present Browns Corner, a fantastic redevelopment opportunity located in Woodland, CA. This prime location consists of three parcels at the intersection of W. Main and County Road 98, encompassing approximately 5.35 acres. The property offers significant potential, with existing cash flow and exceptional prospects for retail, apartment, hotel projects, or a combination of these uses. According to the city's 2035 General Plan, these parcels are designated for Corridor Mixed Use, allowing for a density of 20-40 dwelling units per acre. This zoning offers flexibility and creativity for new development, encouraging diverse housing options and considerable FAR flexibility. The new zoning code was recently approved, introducing a dynamic opportunity to develop Class A product in a market in a supply-constrained market. Go to: https://www.cityofwoodland.gov/1168/Documents for further information.
Property Facts
Price | $3,750,000 | Number of Properties | 2 |
Price / SF | $146.48 / SF | Individually For Sale | 0 |
Cap Rate | 5.11% | Total Building Size | 25,600 SF |
Sale Type | Investment | Total Land Area | 5.35 AC |
Status | Active |
Price | $3,750,000 |
Price / SF | $146.48 / SF |
Cap Rate | 5.11% |
Sale Type | Investment |
Status | Active |
Number of Properties | 2 |
Individually For Sale | 0 |
Total Building Size | 25,600 SF |
Total Land Area | 5.35 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
392 W Main St, Woodland, CA 95695 | Land | 5.34 AC | - | - |
392 W Main St, Woodland, CA 95695 | Retail | 25,600 SF | 1947 | - |
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$750k Price Reduction | Browns Corner
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