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    FOR SALE
    Medical Office Space

    450 N 3Rd St, Coalinga, CA 93210

    2,160 SF 0.15 ac lot Built 1964
    Individually Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US09-3361034
    Property summary
    AI-generated overview

    This ±2,160 square foot, fully remodeled building in Coalinga, CA, presents a unique investment opportunity. Previously a medical office, it's ideally suited for continued office use or conversion into a residential care facility. The property boasts a convenient location, situated on a 0.15-acre lot with ample on-site and street parking, and is easily accessible from CA-198 and CA-33 freeway on/off ramps. The recent remodel includes new HVAC systems, updated energy-efficient features, fresh interior and exterior paint, and ADA-compliant restrooms. The interior features seven private offices, a kitchen/breakroom, a reception/waiting area, storage, and restrooms. The building benefits from a strong daytime population base of approximately 16,955 within a 5-mile radius. Existing plumbing is in place, making it move-in ready and offering economical operating costs. The property's well-known freestanding design, combined with its excellent presence and surrounding quality tenants, makes it an attractive investment. The mixed-use zoning (MU) allows for flexibility in its future use. The asking price is $325,000, representing a price per square foot of $150.46. Built in 1964, this Class B property offers a blend of established infrastructure and modern upgrades, making it a compelling option for a variety of uses. The property's address is 450 N 3rd St, Coalinga, CA 93210, and its APN is 072-115-07S. The building is separately metered for utilities.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1964
    Construction WOOD
    Total area 2,160 SF
    Lot 0.15 ac (6,550 SF)
    Zoning code CP
    APN 072-115-07S
    UPID US09-3361034
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Allen Clare Dental Office
    • Clare Allen J DDS Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Marie Labossiere · 7 yrs held
    Marie Labossiere
    since 2019
    7 recorded transactions
    2022
    2019
    $150,000
    2017
    $80,000
    1995
    1990
    $56,000
    1969
    1969
    Zoning & alternative use
    CP · Coalinga, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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