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Listed by Timothy Toye • Timothy Toye and Associates
$ 225,000
Est. payment | /mo
2,650 SqFt
$ 225,000
Est. payment | /mo
2,650 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 2,650 sqft
Price per Sqft $84
MLS Listing ID CRLC25004174
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1950
Lot Size 0.690 Acres
Property Sub-Type Comm Ind For Sale
Property Description
COBB VILLAGE CENTER strip mall in the heart of Cobb on the main highway. Three office or retail spaces, 1 brm apartment, storage area and 2 room log cabin for additional office or retail space. Next to year round Kelsey Creek for a restful picturesque setting. The gas station on the other side and a short walk to post office, supermarket, pizza restaurant and coffee shop. Large parking area and good sign visibility. Upgrading needed in parts. Storage Area of 450sf could be additional office or retail space for greater return. Only one office rented currently though until recently a 20 year history of no vacancy. Compelling potential for unbeatable rental return once upgraded estimated at 16% annually with modest annual income estimated at $48,000.
Location
State CA
County Lake
Interior
Heating Wall Furnace, Propane
Cooling Window Unit(s)
Fireplace No
Building
Water Public
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