355 W Las Palmas Ave Patterson, CA 95363
For Sale
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This exceptional 3,484 square foot commercial property, located at 355 W Las Palmas Avenue in Patterson, CA, presents a unique investment opportunity. The Carnegie Building, a stunning example of Classical Revival architecture with stucco over brick exterior, sits on a 0.13-acre lot in the heart of downtown Patterson. Its central location within the downtown core offers unparalleled visibility and accessibility, ensuring high traffic and easy access for clients and employees. The building's interior comprises six individual offices, ideal for businesses requiring both private workspaces and collaborative areas, along with a central conference room perfect for meetings and presentations. The City of Patterson is experiencing significant growth, with a planned annexation adding 5086 new residential units. This expansion promises a substantial increase in the local population and a corresponding rise in demand for commercial services, making this property an exceptionally promising investment. The asking price is $875,000. This is a rare chance to acquire a piece of Patterson's history and benefit from its exciting future. Don't miss this opportunity to secure a thriving business location in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.