425 Ctr St Manteca, CA 95336-4727

Property Details for 425 Ctr St

Lot size

0.13 lot acres

Zone code

40

Property type

Office buildings

APN

223-094-150-000

APU

223094150000

Description

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.