Downtown Hollister Corner Investment
201 5th Street Hollister, CA 95023
201 5th Street, Hollister, CA, 95023
$1,000,000
For Sale
$1,000,000
Prime corner property with redevelopment potential in downtown Hollister.
Property Size1,948 SF
Price / SF$513.35
Days on Market212
Property Features for 201 5th Street
General Information
- Standard status
- Active
- Size
- 1,948 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1935
Listing Agency
EXP REALTY OF NORTHERN CALIFORNIA, INC.
(888) 832-7179
Listed by
JULYBEHT ORNELAS
Source
Corcoran
Added: Dec 21, 2025 Updated: Jul 10 at 3:47 pm Checked: Jul 20 at 2:07 am
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 EXP REALTY OF NORTHERN CALIFORNIA, INC.
Investment Insights
Based on property information with market context.
This corner property in downtown Hollister presents an investment opportunity. The ground floor is leased as a tavern, generating approximately $4,500 per month; however, the building is currently posted as unsafe and not approved for occupancy. The second floor is a work in progress and also posted as unsafe, requiring repairs, inspections, and major renovations. This presents a potential value-add opportunity, subject to buyer verification and satisfaction. The property offers flexibility for commercial use or potential mixed-use redevelopment. The property size is 1948 square feet. Real estate onlybusiness, liquor license, FFE, and goodwill are not included. Use caution during showings; upper-level access is restricted. Buyer to verify all zoning, permits, condition, income, and development potential. Seller and Listing Agent strongly encourage Buyer to conduct all inspections, investigations, and due diligence prior to closing.
Key Highlights
- Prime corner location in downtown Hollister.
- Existing ground floor tenant (tavern) generating approximately $4,500 per month.
- Potential value‑add opportunity through renovation of the second floor.
Local Financial Insights For Mixed Use
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 | $58.4k | $30.00 |
| − Vacancy | −$4.7k | −$2.40 |
| EGI | $53.8k | $27.60 |
| − OpEx | −$20.2k | −$10.35 |
| NOI | $33.6k | $17.25 |
1,948 SF · lease $30.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$480.0K
$420.0K – $560.1K
NOI $33,603 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,323 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Whiskey Creek Saloon
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Prime corner property with redevelopment potential in downtown Hollister.
Where is this mixed-use property located?
The property is located at 201 5th Street Hollister, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Prime corner location in downtown Hollister.; Existing ground floor tenant (tavern) generating approximately $4,500 per month.; Potential value‑add opportunity through renovation of the second floor.
