722 San Benito St Hollister, CA 95023-3917

Property Details for 722 San Benito St

Year built

1921

Construction

TILT-UP CONCRETE

Lot size

0.10 lot acres

Property type

Retail space

APN

054-010-008-000

APU

54010008000

Description

This exceptional commercial property, located in Hollister's historic downtown, presents a lucrative investment opportunity. The building boasts a substantial 8,000 square feet, strategically divided into three street-level commercial spaces and eight residential apartments above. Two of the retail units each offer a generous 1,700 square feet, complete with private bathrooms and independent entrances, maximizing tenant privacy and operational efficiency. The third retail space, also featuring its own bathroom, is ideally suited for use as a management office or an additional rental unit. The eight apartments provide a consistent income stream, each equipped with well-appointed kitchens for convenient living. Durable flooring throughout the apartments ensures low-maintenance living. While the apartments lack air conditioning, the Hollister climate mitigates the need for cooling systems. The building is heated by a wall furnace system. The property sits on a 0.1-acre lot and is priced at $2,249,888, offering an attractive cap rate of nearly 6%. This property is perfect for investors seeking a strong return on investment in a desirable location. The combination of commercial and residential units provides diversified income streams and significant potential for future growth.