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Property profile & analytics
FOR SALE
Office Spaces

355 W Las Palmas Ave Patterson, CA 95363

3,484 SF 0.12 ac lot Built 1921
Individually Owned 36-yr Hold ~ Est. High Equity
Property ID
US09-1382539
Property summary
AI-generated overview

This exceptional 3,484 square foot commercial property, located at 355 W Las Palmas Avenue in Patterson, CA, presents a unique investment opportunity. The Carnegie Building, a stunning example of Classical Revival architecture with stucco over brick exterior, sits on a 0.13-acre lot in the heart of downtown Patterson. Its central location within the downtown core offers unparalleled visibility and accessibility, ensuring high traffic and easy access for clients and employees. The building's interior comprises six individual offices, ideal for businesses requiring both private workspaces and collaborative areas, along with a central conference room perfect for meetings and presentations. The City of Patterson is experiencing significant growth, with a planned annexation adding 5086 new residential units. This expansion promises a substantial increase in the local population and a corresponding rise in demand for commercial services, making this property an exceptionally promising investment. The asking price is $875,000. This is a rare chance to acquire a piece of Patterson's history and benefit from its exciting future. Don't miss this opportunity to secure a thriving business location in a rapidly developing area.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1921
Construction WOOD
Total area 3,484 SF
Lot 0.12 ac (5,227 SF)
APN 131-014-028-000
UPID US09-1382539
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Las Palmas Assoc · 36 yrs held
Las Palmas Assoc
since 1989
1 recorded transaction
1989
$150,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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