902 Main St | Martinez, CA 94553
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902 Main St
Martinez, CA 94553
Retail Property For Sale
Investment Highlights
- Perfect owner/user opportunity with opportunity to qualify for SBA financing.
- Martinez is in the midst of a renaissance, with an influx of new restaurants and shops creating a lively downtown experience.
- Flexible CC (Central Commercial) zoning allows for a variety retail, office and professional uses.
- Extremely well-maintained property.
- Located in immediate proximity to the Contra Costa County courthouse.
- Highly visible free-standing retail/office building with ample frontage on Main Street, Las Juntas Street and Ward Street.
Executive Summary
Newmark, as exclusive advisor, is pleased to offer the opportunity to acquire the fee simple interest in 902 Main Street (the “Property” or “Branch”) in downtown Martinez, California within the San Francisco Bay Area. Formerly a Wells Fargo Bank branch, the single-story Property consists of an approximately 5,858 square foot single story building situated on approximately 0.34 acres and will delivered vacant at the close of escrow.
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Wells Fargo will be delivering this building vacant, subject to a lease of approximately 441 SF with All Pro Bail Bonds, which lease is terminable on 120 days notice. Opportunity to own a prime piece of the historic town center of Martinez with on-site parking near the waterfront and near the Court house.
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Wells Fargo will be delivering this building vacant, subject to a lease of approximately 441 SF with All Pro Bail Bonds, which lease is terminable on 120 days notice. Opportunity to own a prime piece of the historic town center of Martinez with on-site parking near the waterfront and near the Court house.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
5,889 SF
Building Class
C
Year Built
1968
Price
$1,230,180
Price Per SF
$209
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.34 AC
Zoning
CC - Central Commercial
Parking
16 Spaces (2.72 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
PROPERTY TAXES
| Parcel Number | 373-266-004-2 | Improvements Assessment | $603,999 |
| Land Assessment | $307,387 | Total Assessment | $911,386 |
PROPERTY TAXES
Parcel Number
373-266-004-2
Land Assessment
$307,387
Improvements Assessment
$603,999
Total Assessment
$911,386
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