812-850 Gray Ave Yuba City, CA 95991
- Retail properties
- 122,078 SF
- 13.38 lot acres
Current Use by Public Records
- Retail properties
Property Details for 812-850 Gray Ave
- Year built
- 1975
- Lot size
- 13.38 lot acres
- Property size
- 122,078 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 13.38-acre retail property in Yuba City, CA, presents a compelling redevelopment opportunity. Located at 812-850 Gray Ave (APN: 52-014-002; 52-020-021; 52-020-022), this site boasts a prime location within a quarter-mile of Highways 99 and 20, ensuring high visibility and accessibility. The existing 122,078 square foot building, constructed in 1975, comprises two sections: a 34,866 square foot area with five retail spaces and a larger 90,000 square foot space, formerly occupied by Kmart. Currently, the property has eight units with 24% occupancy, generating approximately $20,000 in monthly income plus pro-rata NNN reimbursements. The property is zoned General Commercial (C-3) and includes 390 parking spaces. The easternmost parcel offers 456 square feet of Gray Avenue frontage, presenting the possibility of developing two or three additional pad sites, ideal for quick-service restaurants. The site benefits from significant daily traffic counts exceeding 37,080 vehicles on Highway 99 and over 13,100 vehicles on Gray Avenue. Its proximity to the Yuba Sutter Marketplace, featuring major retailers like Burlington, Ross, JCPenney, and Verizon, further enhances its desirability. This property is offered at $12,900,000, representing approximately $106 per square foot for the land. This represents a significant value-add opportunity for investors seeking to capitalize on a high-traffic location and strong retail market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Yuba City
- County
- Sutter
- State
- California
- Longitude
- -121.631
- Latitude
- 39.1382
