Current Use by Public Records
- Mixed-use properties
Property Details for 20844 Front St
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property, located at 20844 Front St, Cottonwood, CA 96022 (APN 088-110-034-000), presents a lucrative investment opportunity. The 2,800 square foot building, situated on a 2,800 square foot lot, is zoned C-2-DR and boasts a 100% occupancy rate since January 1, 2016. The property features a popular local tavern/watering hole on the ground floor and two one-bedroom apartments above, one with a balcony overlooking Front Street. The three units generate a substantial Net Operating Income (NOI) of $32,545, resulting in an attractive 7.66% capitalization rate. The asking price is $425,000, translating to $151.79 per square foot of net rentable area (2,650 sq ft). Leases are gross, with a multi-tenant occupancy structure. The two-story building offers a blend of commercial and residential income streams, providing a stable and potentially appreciating asset. This is a rare opportunity to acquire a well-established, high-performing property in a desirable location. The property's strong cash flow and prime location make it an ideal investment for both seasoned and new investors seeking a solid return.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cottonwood
- County
- Shasta
- State
- California
- Longitude
- -122.28
- Latitude
- 40.3824
