2107 1st St, Selma, CA

This is a 100% leased investment opportunity featuring a freestanding building totaling approximately 5,985 square feet on approximately 0.17 acres (approximately 7,200 square feet). The property is located at the corner of High and First Streets and offers general retail, professional office, and mixed-use spaces. It comprises six economical spaces of approximately 997 square feet each, with unique addresses and long-term tenants on modified gross lease forms. Each unit has its own entrance and signage, open front areas, and private ADA restrooms. The property generates an in-place rent of $69,708 per year, with potential for increased income. Tenants pay the scheduled base rent plus the actual cost of pass-through expenses such as water, sewer, trash, and gardening. Adjusting the rents to 90% of market rates ($1.35/sf) and extending leases could result in a gross annual income of $81,745 within 6-12 months. The property offers easy-to-rent small office spaces in an under-built market. Multiple configurations are available, ranging from 610 square feet up to 950 square feet, with the ability to combine spaces to create larger units. The spaces feature newer paint, newer flooring, and are move-in ready. Each unit has access to high-speed internet, is separately metered, and has private restrooms and entrances. The property includes full exterior lit parking with 15 spaces, excellent existing corner signage, great visibility, and easy access to CA-99 on/off ramps. The HVAC systems and roof are reported to be in good condition.