1626/1628 Broadway, Eureka, CA 95501
$2,750,000
Property Type:
Commercial
Square Footage:
11,500
Lot Size (sq. ft.):
31,799
Status:
Active
Current Price:
$2,750,000
List Date:
1/30/2024
Last Modified:
3/07/2024
Description
Prime Investment Opportunity in Eureka, CA! This dual-property gem on 1626 and 1628 Broadway, also known as Highway 101, boasts a lucrative lineup. Bevmo, our anchor tenant with a decade-long presence, just committed to another 5 years. The second tenant, a thriving Humboldt business, also inked a solid 5-year lease. Both leases are NNN, leaving the landlord responsible only for the roof. With annual rents exceeding $130,000 and built-in escalations, this investment promises a robust return. Surround yourself with established neighbors like O'Reilly, Eureka Natural Foods, Costco, Walgreens, US Cellular, and more. Seize the chance for passive income in this highly sought-after Eureka location!
More Information MLS# 265949
Listing Information
Status: Active
List Date: 2024-01-30
List Price: $2,750,000
Current Price: $2,750,000
Property Description
Type of Property: Commercial
Realtor.com Type: Commercial
Construction Status: Existing
Accessory Dwelling Unit: No
Main House SqFt: 11500
Lot Size: .5 - .74 Acres
Lot Acres: 0.73
Flood Zone: No
List Price/SqFt: 239.13
Location, Legal and Taxes
Area: South Bay
House Number: 1626/1628
Street Name: Broadway
Sub-Area: Eureka
State: CA
Zip Code: 95501
Cross Street: 15th St
APN: 003-171-014
Directions and Remarks
Directions: On Broadway between Wabash and 15th.
Building Description
Year Built: 1998
# Units: 2
Condition: Good
Income & Expenses
Lease Expires: 2029-02-28
Signage: Yes
Renewal Options: Yes
Square Footages
Total Building SqFt: 11500
Business
Real Estate Included: Yes
Property Features
Zoning: Commercial
Income & Expenses: Financials Available
Type of Use: Food Service; Retail-Strip
Existing Use: Retail Service
Location: Central Business; Corner Lot
Parking: 11 - 20 Spaces
Exterior Amenities: Handicap Rails; Loading Dock; Major Road Access; Public Trans; Sidewalks
Sale Includes: Land & Building
Possession: Negotiable
Financing Terms: Cash; Conventional; Owner Carry 1st
Listing Office: C.B. Commercial Pacific Partners Real Estate
Office Phone: 707-442-2222
Office Email: pacificpartnerscommercial@gmail.com
Listing Agent: JB Mathers
Agent Phone: 707-442-2222
Agent Email: mathers84@yahoo.com
Last Updated: March - 07 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
pacificpartnerscommercial@gmail.com
Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on
.) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2020 (year) Humboldt Association of Realtors®. All rights reserved.
