501 S 1St St Patterson, CA 95363
For Sale
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This 2.49-acre industrial land parcel, located at 501 S 1st St, Patterson, CA 95363 (APN 131-005-011-000), presents a unique investment opportunity. Situated within the City of Patterson's Industrial Zone and designated as Heavy Industrial (HI), this property is ideal for businesses requiring intensive industrial uses. The site offers convenient access to a Union Pacific Railroad (UPRR) spur track, enabling efficient loading and unloading directly on-site. Its strategic location at the intersection of Highway 33 and Sperry Avenue provides excellent transportation links. Furthermore, its location within a California Opportunity Zone offers significant tax advantages and potential for long-term financial growth. The property's zoning allows for uses generating noise, vibration, or other conditions typical of heavy industrial operations. This exceptional property is ready for immediate development and represents a compelling investment opportunity in a thriving industrial area. The property's size and access to key transportation infrastructure make it an attractive option for a variety of industrial uses. This prime location within the Opportunity Zone adds further value, offering substantial tax benefits to investors.
Light Industrial (LI) District. This district is consistent with the general plan light industrial land use designation by providing locations for the development of industrial uses such as fabrication, manufacturing, assembly, or processing of materials that for the most part are already in processed form and which do not in their maintenance, assembly, man…
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LI · Patterson, CALight Industrial (LI) District. This district is consistent with the general plan light industrial land use designation by providing locations for the development of industrial uses such as fabrication, manufacturing, assembly, or processing of materials that for the most part are already in processed form and which do not in their maintenance, assembly, manufacture, or plant operation create smoke, gas, odor, dust, sound, or other objectionable influences which might be obnoxious to persons conducting business or residing in this or any other zone. B. Heavy Industrial (HI) District. This district is consistent with the heavy industrial general plan land use designation by providing appropriate locations for intensive industrial uses that may generate noise, vibration, odor, or other conditions that make them undesirable and incompatible near or in conjunction with residential uses. A wide range of industrial manufacturing and warehousing uses are permitted in this district. The HI district is generally located in areas of the city where it would not create a substantial impact on sensitive residential, commercial, or office uses. Where feasible, development in the HI district may require additional measures to reduce impacts to neighboring properties such as increased setbacks, landscaping, and screening. C. West Patterson Industrial Business Park (IBP) District. This district is consistent with the light industrial land use designation of the general plan. The IBP zoning district is applied to areas appropriate for light industrial and business park land uses, including low-intensity manufacturing and assembly processes, research and development, corporate headquarters, offices, medical and health facility uses, and other uses as specified in this chapter. The land uses allowed and development standards required within the IBP district are intended to protect adjacent areas from impacts while allowing indoor, clean, and quiet industry. Land uses in the IBP zoning district are often organized as a business park, with tenants that may include some commercial and office activities. D. West Patterson Light Industrial (IL) District. The IL zoning district is consistent with the light industrial land use designation of the general plan. The IL zoning district is applied to areas appropriate for light industrial and manufacturing, warehousing, offices, and assembly uses. Land uses allowed in the IL zoning district will not create objectionable noise, smoke, odor, dust, noxious gases, glare, heat, vibration, or industrial wastes. ( Ord. 738
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.
