Current Use by Public Records
- ATM / Atm
- Cantina Los Primos Tacos y Cerveza / Bar & Pub / Restaurant
Property Details for 392 Main St
- Lot size
- 5.35 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional 5.35-acre redevelopment opportunity in Woodland, CA, presents a compelling investment at $3,750,000. Located at the high-traffic intersection of West Main Street and County Road 98, this property comprises three parcels zoned Corridor Mixed Use (CMU-WN), allowing for a density of 20-40 dwelling units per acre. The existing improvements generate a substantial net operating income (NOI) of $191,578, yielding a 5.11% capitalization rate. The total square footage is 232,971, with 25,600 square feet of net rentable space currently occupied by fifteen tenants generating over $265,000 in gross income. The land value is $16.10 per square foot. The property's zoning offers significant flexibility for diverse development projects, including retail, apartments, hotels, or a combination thereof, benefiting from a recently approved zoning code that encourages Class A development in a supply-constrained market. Further details regarding the city's 2035 General Plan and zoning regulations are available through the City of Woodland's website. This fee-simple ownership presents a rare chance to capitalize on a prime location with existing income and significant upside potential in a thriving California market. The property is offered as a fee simple ownership.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Woodland
- County
- Yolo
- State
- California
- Longitude
- -121.802
- Latitude
- 38.6781
