$1,850,000
$2,000,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
644 Railroad AVE Atwater, CA 95301
3.4 Acres Lot
Key Details
Sold Price $1,850,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MC20003370
Sold Date 08/14/20
HOA Y/N No
Lot Size 3.400 Acres
Property Sub-Type Industrial
Property Description
PRICE REDUCED $500,000 (Now $32.11 / SF) COMPARE TO ANY OTHER WAREHOUSE /INDUSTRIAL PROPERTY CURRENTLY ON THE MARKET. 3 Bldgs.(610 & 644 Railroad Ave. & 920 High St) on 2 parcels, 003-160-023 (644 Railroad) & 003-160-024 (610 Railroad + 920 High St.) 644 Railroad is a fully sprinklered 50,280 SF metal bldg. with insulated exterior walls, raised exterior truck dock & multiple grade level roll-up doors. Has small office, 1,200 AMP electrical service, paved yard area with perimeter fencing (6' chain link with barbed wire above) and there is a ground lease to a cell tower ($760.44 / mo.). 15+ year tenant recently moved and bldg. is available for lease for $15,000/month ($.30/SF) NNN. 610 Railroad is a 4,000 SF Bldg. that has insulated walls, is sprinklered and has an ADA RR. Current month-to month tenant that has occupied bldg. since 2011 and pays $1,800/mo. ($.45/SF) rent (Industrial Gross). 920 High Street is an 8,000 SF fully insulated metal warehouse bldg. that has MTM tenant that pays $3,200/mo. ($.40/SF) rent (industrial Gross). All 3 bldgs. have good access to and visibility from Hwy 99. Property is zoned B-P (Business Professional) which allows cannabis related businesses (Buyer to verify with the City of Atwater whether this property qualifies for Buyer's specific intended cannabis related business). All three buildings on the two parcels are for sale together for $2,00,000 ($32.11 / SF) and 644 is also available for lease for $15,000/month ($.30/SF) NNN.
Location
State CA
County Merced
Zoning B-P (Business Professiona
Interior
Heating None
Cooling None
Fireplace No
Laundry None
Exterior
Fence Barbed Wire, Chain Link, See Remarks
Utilities Available Cable Available, Electricity Connected
Roof Type Metal
Building
Lot Description Corner Lot, Lot Over 40000 Sqft, Level
Water Public
Others
Tax ID 003160023
Security Features Fire Sprinkler System
Acceptable Financing Cash, Submit
Listing Terms Cash, Submit
Financing Cash to New Loan
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Bought with Jim Randleman • NONMEMBER MRML