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    242 Vernon St Roseville, CA 95678

    Sponsored
    For Sale
    $1,695,000

    Multi-tenant retail/restaurant, high visibility

    Property size:
    4,980 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional multi-tenant retail and restaurant property, located at 242-246 Vernon Street in the heart of downtown Roseville, California, presents a compelling investment opportunity. The 4,980 square foot building, constructed in 1925, sits on a 4,356 square foot lot and boasts a prominent corner location within a block of Vernon Street Town Square, ensuring high visibility and foot traffic. Currently operating at 100% occupancy with three tenants, the property generates a strong net operating income (NOI) of $117,796, resulting in a 6.95% cap rate. The asking price is $1,695,000, translating to $340.36 per square foot. The property is zoned CBD/SA-DT and features 12+ foot ceilings, offering potential for outdoor seating. Its convenient location offers close proximity to Highway 80 and is within two blocks of two free public parking garages. The lease type is NNN, and one tenant is currently on a month-to-month lease. This is a rare opportunity to acquire a thriving, multi-tenant property in a prime downtown location. The property's strong financial performance, coupled with its desirable location and features, makes it an ideal investment for discerning buyers. The Placer County Assessor's Parcel Number (APN) is 013-092-009.

    Property Features for 242 Vernon St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,980 SF

    Building Details

    Year Built
    1925
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Prime Downtown Roseville location.
    • Corner lot with high visibility.
    • New parking garage nearby.
    • High ceilings (12+ feet).
    • Multi‑tenant retail/restaurant building.
    • Excellent Highway 80 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    LOS CANTARITOS ROSEVILLE Mexican Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Placer
    State
    California
    Longitude
    -121.28390566597
    Latitude
    38.749061852361

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    FAQs

    What type of property is this?
    Individual retail property - Multi-tenant retail/restaurant, high visibility
    Where is this individual retail property located?
    The property is located at 242 Vernon St Roseville, CA.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: Prime Downtown Roseville location.; Corner lot with high visibility.; New parking garage nearby.
    Request Owner's contact information
    242 Vernon St Roseville, CA 95678
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    Roseville, CA 95678
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    242 Vernon St Roseville, CA 95678
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