40879 Highway 41 - Freestanding FOR SALE


Oakhurst, CA 93644
$1,795,000 USD
702-215-7131
40879 Highway 41, Oakhurst, CA for Sale
$1,795,000 USD
Freestanding - FOR SALE
1/6
null | 6.75% Cap Rate

40879 Highway 41
Oakhurst, CA 93644


HIGHLIGHTS

  • Property is located on the main highway through town
  • Thoughtfully cared for building
  • Immediate value add opportunity

OVERVIEW

Oakhurst is 16 miles from the south entrance of Yosemite National Park. Tourism is rich in this town, while the vacancy factor is very low. Rarely do you find retail commercial buildings up for sale, or vacancies to lease spaces there. The owners have managed their own building for almost the entirety of ownership. There are simple value add factors to apply to garner a higher return. I'm happy to share financials and proforma factors with serious offers. While the building itself carries full value, the leases become an added bonus to this charming building. From an art gallery, to a coffee shop, the tenants within the building hold events to showcase all businesses for the town. Many of the tenants have been there over a decade swapping units, or adding to their existing space. While there are retail shops for tourists; local mortgage brokers, and gymnastics, along with other local businesses comprise of the space. New roof in December 2023, new leach lines in 2024, complete painting and siding replacement in 2022. This building is priced to sell.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silver Creek Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

CUM, County

APN/PARCEL ID

065-050-065

ASK ABOUT THIS PROPERTY

Kandace MurphyMarcus & MillichapMore Info
702-215-7131

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Kandace MurphyMarcus & MillichapMore Info
702-215-7131

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