644 Railroad Avenue

  • Atwater

  • $2,500,000
  • Acres
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Commercial Sale Details

Description & Essential
Description
There are 3 bldgs. (610 & 644 Railroad Avenue and 920 High Street) on 2 separate parcels (APNs 003-160-023 - 644 Railroad and APN 003-160-024 -610 Railroad & 920 High Street). 644 Railroad is a fully sprinklered 50,280 SF metal bldg. with one exterior raised dock door and multiple grade level doors. Has a small office and 1,200 AMP electrical service for a heavy user. Current tenant has occupied since 2005 but Seller is hesitant to renew lease as property is for sale. Tenant is currently on a month-to-month tenancy and pays $12,500 / month. There is also a ground lease to a cell tower company on a small portion of the 2.5 acre parcel (Rent is 760.44/month). 610 Railroad is fully sprinklered and has tenant that has occupied since 2011. Most recent 3 year extension just expired and Seller is hesitant to renew lease as property is for sale. Currently on a month-to-month tenancy and paying $1,600 / month. 920 High Street is currently vacant (Market rent is between $.30 and $.40/SF/month). All three buildings have good access to freeway both north and south and are in in the B-P Zone (Business Park). Atwater's B-P zoning allows cannabis related business. All 3 buildings have insulation in the walls sandwiched between the newer metal skin on the exterior and the original corrugated
Essential
MLS #MC18036264
Price Per SqFt$40.14
Sub-TypeIndustrial
CountyMerced
StateCA
StatusActive
Sale TypeStandard
Number Of Units2
Number Of Buildings1
Building StatusExisting
Land UseIndustrial,Office,Other
Listing BrokerageTinetti Realty Group
Listing AgentSteve Tinetti
Listing Agent BRE #00475070

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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, July 17, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.