Downtown Retail Building with
24 S 3rd Street Patterson, CA 95363
24 S 3rd Street, Patterson, CA, 95363
$400,000
For Sale
$400,000
Retail building with six rooms, a bathroom, HVAC updated in 2022, and a fenced outdoor area with an electrified shed.
Property Size987 SF
Price / SF$405.27
Days on Market428
Property Features for 24 S 3rd Street
General Information
- Standard status
- Active
- Size
- 987 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1941
Listing agency
Century 21 Select Real Estate
(209) 988-2631
Listed by
Karie A. Lewis · License #01975468
(209) 988-2631
Source
Exitrealty
Added: May 20, 2025 Updated: Jul 20 at 7:33PM Checked: Jul 21 at 4:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Select Real Estate
Investment Insights
Based on property information with market context.
This downtown retail building offers approximately 987 sq ft of interior space configured with six rooms plus a bathroom. Updates include HVAC (2022), electrical and plumbing (2004), exterior paint (2020), and commercial vinyl flooring with LED lighting. The property also features a fenced outdoor area that includes a shed wired with electricity, providing additional storage or workspace.
The building is located in historic downtown Patterson, CA, and is described as being zoned for the Downtown commercial core; buyers are advised to verify use with the City of Patterson.
With its defined interior room layout and usable fenced yard, the property can support a variety of retail and office-style setups depending on approved use under current zoning.
The building is located in historic downtown Patterson, CA, and is described as being zoned for the Downtown commercial core; buyers are advised to verify use with the City of Patterson.
With its defined interior room layout and usable fenced yard, the property can support a variety of retail and office-style setups depending on approved use under current zoning.
Key Highlights
- 987 SF commercial building in historic downtown Patterson
- Downtown commercial core zoning (verify use with City of Patterson)
- Interior layout includes six rooms plus a bathroom
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $37.20 |
| − Vacancy | −$3.8k | −$3.83 |
| EGI | $32.9k | $33.37 |
| − OpEx | −$9.9k | −$10.01 |
| NOI | $23.1k | $23.36 |
987 SF · lease $37.20/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$329.3K
$288.2K – $384.2K
NOI $23,054 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$458.7K
$401.4K – $535.2K
NOI $32,112 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- El Florista Flower Shop — 216 N El Circulo Ave, Patterson, CA 95363
- Blue Floral Co — 30 S Del Puerto Ave, Patterson, CA 95363
FAQs
What type of property is this?
Storefront property - Retail building with six rooms, a bathroom, HVAC updated in 2022, and a fenced outdoor area with an electrified shed.
Where is this storefront property located?
The property is located at 24 S 3rd Street Patterson, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 987 SF commercial building in historic downtown Patterson; Downtown commercial core zoning (verify use with City of Patterson); Interior layout includes six rooms plus a bathroom
