1400 State Highway 1 - Freestanding FOR SALE


Bodega Bay, CA 94923
$3,995,000 USD
510-822-1331
1400 State Highway 1, Bodega Bay, CA for Sale
$3,995,000 USD
Freestanding - FOR SALE
1/37
null | 4.87% Cap Rate

1400 State Highway 1
Bodega Bay, CA 94923


HIGHLIGHTS

  • Six Unit NNN Retail Shopping Center
  • Excellent Bodega Bay Location Close To Hotels, Restaurants, the Harbor, and Popular Beaches
  • 100% Leased to Stable Tenants with Strong Rental Upside
  • Attractive Tenant Base Consisting of a Grocery Store, Restaurant, Veterinarian Hospital, Surf Shop, and Coldwell Banker Real Estate Office
  • Low Maintenance Property Built in 1986 with Remodeled Units, Upgraded Electrical, Plumbing, Newer Roof, and Double-Pane Windows and More
  • Tenants Pay For Interior and Exterior Maintenance, Property Taxes and Common Area Maintenance

OVERVIEW

NNN six-unit retail center in the heart of Bodega Bay near a variety of restaurants, hotels, the harbor, and popular beaches. The property was originally built in 1986, offers approximately 9,402 square feet of rental space, and sits on a large 36,154 square foot lot with room for over 50 parking spaces or possible future expansion. The property offers an attractive unit mix of a grocery store, veterinarian hospital, a restaurant, a surf shop, and a Coldwell Banker Real Estate office. The current tenants pay for all interior and exterior maintenance and are responsible for a percentage of property tax, insurance, and common area maintenance making this a rare low maintenance investment. The property is in great condition with remodeled units, upgraded electrical and plumbing, new double pane windows, mature landscaping and more. Truly a once in a lifetime opportunity to own one of the best locations in Bodega Bay walking distance to multiple restaurants, hotels, popular public beaches, and surrounding by million dollar homes. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$440 USD /SF

CAP RATE

4.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bodega Bay NNN Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

CZ, Sonoma

APN/PARCEL ID

100-080-067

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

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