242 Vernon St Roseville, CA 95678
- Retail properties
- 4,980 SF
Current Use by Public Records
- LOS CANTARITOS ROSEVILLE / Mexican Restaurant
Property Details for 242 Vernon St
- Year built
- 1925
- Property size
- 4,980 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roseville
- County
- Placer
- State
- California
- Longitude
- -121.284
- Latitude
- 38.7491
