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
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
More Information MLS# 257565
Property Description
Realtor.com Type: Commercial
Lot Size: .25 - .49 Acres
Construction Status: Existing
Lot Acres: 0.3
Road Frontage: 120
Flood Zone: No
List Price/SqFt: 72.24
Sold Price/SqFt: 67.82
Type of Property: Commercial
Main House SqFt: 12458
Building Description
Year Built: 1900
# Units: 10
Condition: Good
# of Floors: 2
Location, Legal and Taxes
APN: 001-144-007
Zoning
Commercial: 1
Possession
At Close of Escrow: 1
Income & Expenses
Annual Income: 98215
Net Operating Inc: 64018
Total Expenses: 34197
Financials Available: 1
Square Footages
Total Building SqFt: 12458
Retail SqFt: 9938
Other SqFt: 2530
Business
Real Estate Included: Yes
Type of Use
Garage: 1
Office Building: 1
Retail-Strip: 1
Store Front: 1
Other-Spec in Remark: 1
Existing Use
Professional: 1
Retail Service: 1
Other: 1
Siding
Stucco: 1
Wood: 1
Location
Central Business: 1
Corner Lot: 1
Other-Spec in Remark: 1
Foundation
Slab: 1
Construction
Wood Frame: 1
Roof
Composition Shingle: 1
Other: 1
Insulation
Unknown: 1
Financing Terms
Cash: 1
Conventional: 1
Owner Carry 1st: 1
Parking
No Parking: 1
Heating
Forced Air: 1
Other: 1
Exterior Amenities
Alley: 1
Major Road Access: 1
Public Trans: 1
Sidewalks: 1
Flooring
Carpeted: 1
Vinyl: 1
Storage
Inside: 1
Sale Includes
Land & Building: 1
Listing Information
Status: Sold
List Date: 2020-10-08
List Price: $900,000
Current Price: $845,000
Sold Date: 2020-11-20
Sold Price: $845,000
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.
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.
