710 5th Street, Eureka, CA 95501 (MLS# 257565)

710 5th Street, Eureka, CA 95501

$845,000

Property Type: Commercial Square Footage: 12,458 Lot Size (sq. ft.): 13,068 Status: Sold

Current Price: $900,000 List Date: 10/08/2020 Last Modified: 9/09/2024

Overview

Description

Fabulous opportunity to own 10 units of income (8 retail / office spaces, 1 residence and 1 storage garage) on one of the busiest corners of Downtown Eureka. *OWNER WILL FINANCE with 25% down, good credit. Over 12,000 sf of rentable area with separate PG&E meters. Low rents (starting at .50 cents psf) give this opportunity the 'up-side' that you may realize in years to come and most tenants have been there for 4+ years. Excellent visibility at a signalized intersection with the Post Office directly across the street, one block from the Courthouse and two blocks from City Hall. The rooftop residence is 1,600 sf with 2 bedrooms and 1 bath with a double-car garage. There is another double-car garage being leased out separately for income. Listing agent has this one penciled out at a 7% return

Listing Details MLS# 257565

Listing Information

Pended Date: 2020-10-14
Sold Date: 2020-11-20

Property Description

Type of Property: Commercial
Realtor.com Type: Commercial
Construction Status: Existing
Main House SqFt: 12458
Lot Acres: 0.3
Road Frontage: 120
Flood Zone: No
List Price/SqFt: 72.24
Sold Price/SqFt: 67.82

Location Legal and Taxes

Area: South Bay
House Number: 710
Street Name: 5th
Street Suffix: Street
Sub-Area: Eureka
State: CA
Zip Code: 95501
Cross Street: H Street

Directions and Remarks

Directions: Corner of 5th and H Streets in downtown Eureka.

Building Description

Year Built: 1900
# Units: 10
Condition: Good
# of Floors: 2

Square Footages

Total Building SqFt: 12458
Retail SqFt: 9938
Other SqFt: 2530

More Information

Business

Real Estate Included: Yes

Location, Legal and Taxes

APN: 001-144-007

Zoning

Commercial: Yes

Possession

At Close of Escrow: Yes

Income & Expenses

Annual Income: 98215
Net Operating Inc: 64018
Total Expenses: 34197
Financials Available: Yes

Type of Use

Garage: Yes
Office Building: Yes
Retail-Strip: Yes
Store Front: Yes
Other-Spec in Remark: Yes

Existing Use

Professional: Yes
Retail Service: Yes
Other: Yes

Siding

Stucco: Yes
Wood: Yes

Location

Central Business: Yes
Corner Lot: Yes
Other-Spec in Remark: Yes

Foundation

Slab: Yes

Construction

Wood Frame: Yes

Roof

Composition Shingle: Yes
Other: Yes

Insulation

Unknown: Yes

Financing Terms

Cash: Yes
Conventional: Yes
Owner Carry 1st: Yes

Parking

No Parking: Yes

Heating

Forced Air: Yes
Other: Yes

Exterior Amenities

Alley: Yes
Major Road Access: Yes
Public Trans: Yes
Sidewalks: Yes

Flooring

Carpeted: Yes
Vinyl: Yes

Storage

Inside: Yes

Sale Includes

Land & Building: Yes

Property Features

Zoning: Commercial Type of Use: Garage; Office Building; Retail-Strip; Store Front; Other-Spec in Remark Existing Use: Professional; Retail Service; Other Location: Central Business; Corner Lot; Other-Spec in Remark Foundation: Slab Construction: Wood Frame Siding: Stucco; Wood Roof: Composition Shingle; Other Insulation: Unknown Parking: No Parking Exterior Amenities: Alley; Major Road Access; Public Trans; Sidewalks Heating: Forced Air; Other Flooring: Carpeted; Vinyl Storage: Inside Sale Includes: Land & Building Possession: At Close of Escrow Financing Terms: Cash; Conventional; Owner Carry 1st

Listing Office: C.B. Commercial Pacific Partners Real Estate

Last Updated: September - 09 - 2024

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.