522 7Th St Colusa, CA 95932

Property Details for 522 7Th St

Year built

1932

Lot size

0.34 lot acres

Property size

16,114 SF

Property type

Specialty properties

Property subtype

Retail properties

Description

This exceptional mixed-use property in Colusa, California, presents a rare investment opportunity. The 16,114 square foot building, constructed in 1932 and extensively renovated in 2022, boasts a captivating history as the Tuscan "Masons" Lodge. Currently housing three tenants, including Fastenal, New Attitude, and the California Department of Education, the property enjoys 100% occupancy with a gross lease structure. Individual leases range from 3.6 to 4.8 years remaining, with built-in rent increases. The current Net Operating Income (NOI) stands at $33,432, yielding a 5.14% cap rate, with potential for significant growth. The property includes three distinct commercial spaces (2 retail, 1 office) totaling 6,606 square feet, generating substantial rental income. The owner currently occupies approximately 7,160 square feet, including a shop and storage shed. The second story, a beautifully restored lodge with original woodwork, maple and cedar floors, and updated kitchen and bathroom, offers significant potential for additional income as an event space, additional office suites, or continued residential use. The 0.34-acre lot provides ample off-street parking. The property is zoned commercial and features all original windows with insulated inserts. Annual operating expenses total $24,561, encompassing taxes, trash, water/sewer, and insurance. This meticulously maintained property offers a blend of historical charm and modern functionality, making it an ideal investment for discerning buyers. The property's location at 522 7th St, Colusa, CA 95932, offers excellent visibility and accessibility. The asking price is $650,000.

Location Insight

City

Colusa

County

Colusa

State

California

Longitude

-122.15

Latitude

39.1541