$650,000
Lemoore, CA 93245
MLS# 230074
Status: Closed
10351 sqft
1 / 14
Property Description
Opportunity is knocking at this opportunity for discerning investors to acquire a piece of history: an 11-unit registered historic building nestled in the enchanting heart of downtown Lemoore. Comprising four classic ground-level storefront commercial units and seven cozy residential income units on the second floor, this building epitomizes a seamless fusion of heritage and modernity. Evidence of a legacy of thoughtful enhancements and extensive remodeling efforts echoes through its halls. A tremendous possible passive income avenue, ideally suited for astute investors seeking to diversify their revenue portfolio. Alternatively, envision the possibility of a harmonious live-work sanctuary, where the proprietor or business owner can work below while residing in elevated comfort above. Moreover, there are additional income possibilities with future property enhancements, both within the confines of the property and its surrounding environs. Take advantage today and own a piece of Lemoore's history, a gift that will keep on giving for many years to come.
Details
Maps
Property Information
Property Sub-Type: Commercial
New Construction: No
Year Built: 1895
Year Built Source: Assessor
Number of Buildings: 1
Number of Units: 11
Street #: 321-331
Direction: W
Street Name: D
Suffix: Street
Approx Square Feet: 10351
SqFt Source: Assessor
Lot Acres: 0.26
Lot SqFt: 11326
State/Province: CA
Lot Dimensions: 75 x 150 (Approx)
Zip Code: 93245
APN: 020-091-006-000
Lot Size Source: Assessor
County: Kings
Additional Parcels Y/N: No
Area: Lemoore NW
Zoning Description: DMX-1: Downtown Mixed Use, Core
Listing Information
Original List Price: 705000
List Price/SqFt: 67.62
Current Price: $650,000
Status: Closed
Listing Date: 2024-06-27
Listing Price: 699950
Showing Information
Directions to Property: Form Highway 198 take the 18th Avenue offramp. Head North to D st. From 18th avenue turn left or (West) on D St. Property is on the left (South) side of the street.
Remarks
Marketing Remarks: Opportunity is knocking at this opportunity for discerning investors to acquire a piece of history: an 11-unit registered historic building nestled in the enchanting heart of downtown Lemoore. Comprising four classic ground-level storefront commercial units and seven cozy residential income units on the second floor, this building epitomizes a seamless fusion of heritage and modernity. Evidence of a legacy of thoughtful enhancements and extensive remodeling efforts echoes through its halls.
A tremendous possible passive income avenue, ideally suited for astute investors seeking to diversify their revenue portfolio. Alternatively, envision the possibility of a harmonious live-work sanctuary, where the proprietor or business owner can work below while residing in elevated comfort above.
Moreover, there are additional income possibilities with future property enhancements, both within the confines of the property and its surrounding environs.
Take advantage today and own a piece of Lemoore's history, a gift that will keep on giving for many years to come.
General Information
Garage: No
Financial
Cap Rate: 5
Status Change Info
Pending Date: 2024-07-23
Status Change Date: 2024-08-13
Close Date: 2024-08-12
Close Price: 650000
Close Price/SqFt: 62.8
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Cooling: Central Air; Wall/Window Unit(s)
Heating: Central; Natural Gas; Wall Furnace
Roofing: Rolled/Hot Mop
Listing Office: Century 21 Jordan-Link & Company
Listing Agent: Larry Harper
Agent Email: larryharper1@gmail.com
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.