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20705 South Street

Tehachapi, CA 93561
  • $1,150,000
  • STATUS: Active
  • ON SITE: 154 Days
  • ID#: 202204508
UPDATED: 9 min ago
$1,150,000
  • 0
    BEDS
  • 0.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,384
    SQFT
  • $180
    $/SQFT
Neighborhood:
80
Type:
Commercial
Built:
2008
County:
Area:
80

School Ratings & Info

Description

What a great find! This well kept, newer, commercial building checks all the boxes, whether you are a first time investor, owner occupied investment buyer or looking for a 1031 Tax Deferred Exchange. Not only is the Pro-Forma cap rate a desirable 6%, but the building is an attractive, Contemporary Architectural Design. Building Design offers south facing doors and corridors to minimize winter weather concerns, large storefront windows and plenty of parking, and is both attractive and functional. Each suite is equipped with full restroom facilities and a kitchenette plus all units are separately metered for gas and electricity. Interiors offer extended ceiling heights and great lighting. This one of kind opportunity does not come along often in the Tehachapi Area. Be sure to set your showing appointment early for the best opportunity to secure this great offering. Owner may carry subject to terms and conditions. Please DO NOT disturb tenants.

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2022. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Re/Max Tehachapi or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2022-10-01T11:31:34.823.
www.teamalishaan.com/homes/128201531
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20705 South Street Tehachapi, CA 93561

  • Price: $1,150,000
  • Status: Active
  • On Site: 154 Days
  • Updated: 9 min ago
  • ID#: 202204508
0
Beds
0
Baths
0
½ Baths
0.68
Acres
6,384
SQFT
$180
$/SQFT
2008
Built
Neighborhood:
80
County:
Kern
Area:
80
Property Description
What a great find! This well kept, newer, commercial building checks all the boxes, whether you are a first time investor, owner occupied investment buyer or looking for a 1031 Tax Deferred Exchange. Not only is the Pro-Forma cap rate a desirable 6%, but the building is an attractive, Contemporary Architectural Design. Building Design offers south facing doors and corridors to minimize winter weather concerns, large storefront windows and plenty of parking, and is both attractive and functional. Each suite is equipped with full restroom facilities and a kitchenette plus all units are separately metered for gas and electricity. Interiors offer extended ceiling heights and great lighting. This one of kind opportunity does not come along often in the Tehachapi Area. Be sure to set your showing appointment early for the best opportunity to secure this great offering. Owner may carry subject to terms and conditions. Please DO NOT disturb tenants.
Property Features

Annual Gross Income 87000.00 Annual Net Income 71000.00 Cap Rate 6 Commercial Type Commercial Current Use Office Total Annual Expense 16000.00 Zone M-1

Listing courtesy of Diana Williams of Re/Max Tehachapi: .


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2022. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Re/Max Tehachapi or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2022-10-01T11:31:34.823.
 
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