534 5th Street

Orange Cove, CA 93646

MLS ID# 223235 Active
Office

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$345,000

0.28 acres

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• Property Information
• Listing Information
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• Details

Description

Great opportunity to purchase a +/-12,000 sq. ft. lot with a freshly updated +/-3,865 sq. ft. commercial building on it. +/-2,065 sq. ft. are currently leased with +/-1,800 sq. ft. of retail/office space available. The building has private living quarters attached. The rear of the building is fenced and has plenty of open space for expansion or parking. This is the perfect opportunity for owner-occupied retail with living quarters! Building Size +/-3,865 sq. ft. well-constructed building. The building was built in 1946 and renovated in 2020. The building is made up of three (3) separate suites with multiple configurations available. Zoning Zoned M-U (Mixed Use). M-U Zoning District represents a Commercial Zoning classification that permits a vertical or horizontal mix of commercial and residential uses on the same lot or within the same building. The district is intended to accommodate a physical pattern of development often found along village main streets and in neighborhood commercial areas of older cities. Income +/-2,065 sq. ft. – currently leased by Long-Term Tenants. ($1,300/month income) +/-1,800 sq. ft. – currently owner-occupied. Parking Private, Fenced, Gated Parking/Storage in Back. 20+ spaces available (Off Street & On Street). CAP Rate 9% CAP Rate property. Great annual return for an investor or investor user. Net annual return is $350,000 x 9% or $31,500 a year. Great opportunity to purchase a +/-12,000 sq. ft. lot with a freshly updated +/-3,865 sq. ft. commercial building on it. +/-2,065 sq. ft. are currently leased with +/-1,800 sq. ft. of retail/office space available. The building has private living qu... show more

Property Information

• Property Sub-Type Office
• New Construction No
• Year Built 1946
• Year Built Source Assessor
• Number of Buildings 1
• Number of Units 3
• Street # 534
• Street Name 5th
• Suffix Street
• Total Baths 0
• Approx Square Feet 3865
• City Orange Cove
• SqFt Source Assessor
• Lot Acres 0.28
• Lot SqFt 12000
• State/Province CA
• Lot Dimensions Irregular
• Zip Code 93646
• APN 375191017000
• Lot Size Source Assessor
• County Fresno
• Additional Parcels Y/N No
• Area Out of Area
• Zoning Description M-U (Mixed Use)

Listing Information

• Commission 3
• % or $ %

: The offer of compensation is made only to participants of the MLS where the listing is filed.

Directions to Property

From Hwy 198 take the CA-99 north to Avenue 384 exit and proceed to Hwy 63, turn north to Avenue 460/Park Blvd into Orange Cove. At 5th Avenue turn north and arrive at property on east side of street.

Details

• Sale Type

  Standard

• Utilities

  Electricity Connected, Sewer Connected, Water Connected

• Water

  Public

• Sewer

  Public Sewer

• Cooling

  Wall/Window Unit(s), Other

• Heating

  Other

• Roofing

  Other