1180 Northcrest Dr - Freestanding FOR SALE


Crescent City, CA 95531
$1,150,000 USD
510-928-5544
1180 Northcrest Dr, Crescent City, CA for Sale
$1,150,000 USD
Freestanding - FOR SALE
1/1
null | 12.58% Cap Rate

1180 Northcrest Dr
Crescent City, CA 95531


HIGHLIGHTS

  • Multiple potential uses including data center, self or private storage, distribution center
  • signalized intersection, signage , large visibility owner user or investment property
  • Lots of parking , single story, just off highway 101, large lot

OVERVIEW

Zoned light industrial, C2, many types of uses from retail, storage, including re-positioning as distribution center, indoor climate controlled storage, local cloud data center, cannabis dispensary, local retail and other uses possible uses., Check with local city for possible uses and any potential variances. See attached possible uses. City is business friendly and open ti ideas. Lots of parking and located on a very busy signaled intersection at Harding and Northcrest, just off highway 101. Seller may carry financing with significant down payment. California cost of new construction significantly higher per sf.. This building can be acquired for well below replacement cost. Crescent city is a growing community with Walmart, Safeway, Home Depot, Harbor Freight established and a new Chipotle entering the market this summer. There is continued construction of new homes and apartments as well as self storage. There is high demand for climate controlled storage on the coast due to the wet weather. There is a substantial need for last mile distribution centers along highway 101. The LA Times recently named Crescent City as one of the few cities in California where you can buy a home for $150k. Crescent City has a large influx of tourists to see the coast every year. Cap rate is pro forma APN is 118-320-003. CoStar loading other APNS (016, 018) which are R2 lots not part of this listing. Title shows as 14910 sf .but building measures slightly larger. Buyer to verify actual sf of bldg & lot. Seller has ordered a Boma survey which will be uploaded when available. Direct all calls to Paul Maguire. Please do not disturb the tenant.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

12.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Distribution, Refrigeration/Cold Storage, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

Light Commercial

APN/PARCEL ID

118-320-003-000

ASK ABOUT THIS PROPERTY

Paul MaguireMaguire Real Estate and InvestmentsMore Info
510-928-5544

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Paul MaguireMaguire Real Estate and InvestmentsMore Info
510-928-5544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.