Property summary
This Manteca, CA office complex presents a compelling value-add investment or owner-user opportunity. The property comprises two free-standing buildings totaling 4,525 square feet on three parcels (APN: 223-094-15, 223-094-16, 223-094-14) encompassing 0.39 acres. Currently, the complex has five suites with 60% occupancy (three occupied suites). Building materials include wood frame construction, stucco, wood siding, and pitched tile roofs. Utilities are separately metered (gas, electricity, and water). Ample rear parking is available. One building (421 E Center St) requires substantial renovation due to prior water damage, presenting a significant upside for a buyer. The asking price is $520,375, representing a cost per square foot of $115 and a 7.96% cap rate. The property's long-term ownership history and below-replacement-cost pricing offer a rare opportunity for investors or owner-users seeking a strong return on investment. The property is being sold "as is". The buildings were constructed in the 1970s and are zoned for office use. This multi-tenant property offers a unique chance to acquire a well-located office complex in a growing area, with the potential for substantial appreciation after renovations. The property's location is 421, 423, and 425 East Center Street, Manteca, CA 95336.
Property profile
VerifiedCap rate & NOI
Current use
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Nail Salon
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Alternative Medicine Practice
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Gym & Fitness Center Alternative Medicine Practice
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Spa & Massage Center
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Gym & Fitness Center Alternative Medicine Practice
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
40 · Manteca, CAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 40 in Manteca, CA.
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