28
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$215,000
Est. payment /mo
0.69 Acres Lot
Active Under Contract
16360 State Highway 175 Cobb, CA 95426
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID LC25004174
HOA Y/N No
Year Built 1950
Lot Size 0.690 Acres
Property Sub-Type Business
Property Description
COBB VILLAGE CENTER strip mall in the heart of Cobb on the main highway. Three office or retail spaces, 1 brm apartment, storage area and 2 room log cabin for additional office or retail space. Next to year round Kelsey Creek for a restful picturesque setting. The gas station on the other side and a short walk to post office, supermarket, pizza restaurant and coffee shop. Large parking area and good sign visibility. Upgrading needed in parts. Storage Area of 450sf could be additional office or retail space for greater return. Only one office rented currently though until recently a 20 year history of no vacancy. Compelling potential for unbeatable rental return once upgraded estimated at 16% annually with modest annual income estimated at $48,000. Seller will consider 3% in buyer's concessions at closing.
Location
State CA
County Lake
Area Lccob - Cobb
Interior
Heating Propane, Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Utilities Available Cable Connected, Electricity Connected
Waterfront Description Creek
Roof Type Composition
Present Use Commercial
Total Parking Spaces 20
Building
Lot Description Gentle Sloping, On Golf Course, Street Level
Story 1
Water Public
Others
Tax ID 01305601
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Notice Of Default, Short Sale
Listed by Timothy Toye Timothy Toye and Associates 707-928-6900
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