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Listed by Sylvanna Steveson • 1st Choice Realty & Associates Inc
$2,207,767
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SN-26231690
Year Built 1946
Property Sub-Type Mixed Use
Source California Regional Multiple Listing Service (CRMLS)
Property Description
2075 Baldwin Avenue is a 100% occupied mixed-use investment property offered at $2,207,767, an 8.20% cap rate. It has 12,179 SF of building area on ±1.21 acres (52,708 SF) zoned C-2 (Intensive Commercial). The site is next to the new Hewitt Park, off Myers Street and Baldwin Avenue, and sits in a federal Qualified Opportunity Zone (Census Tract 28).
The property combines three income streams on one parcel:
Parkview Daycare: 4,130 SF, built new in 2019, leased through March 2029.
A work training center: 4,935 SF of office space remodeled in 2019.
Five one-bedroom apartments: built new in 2019.
Together they produce $209,939 in gross annual income and $181,037 in net operating income.
Diversified tenants, newer improvements and Opportunity Zone tax potential make it a strong fit for investors and 1031 exchange buyers.
The property combines three income streams on one parcel:
Parkview Daycare: 4,130 SF, built new in 2019, leased through March 2029.
A work training center: 4,935 SF of office space remodeled in 2019.
Five one-bedroom apartments: built new in 2019.
Together they produce $209,939 in gross annual income and $181,037 in net operating income.
Diversified tenants, newer improvements and Opportunity Zone tax potential make it a strong fit for investors and 1031 exchange buyers.
Location
State CA
County Butte
Interior
Heating Central
Laundry None
Building
Lot Description 2-5 Units/Acre
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900