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Carnegie Professional Building 355 W Las Palmas Ave 4,303 SF 100% Leased Office Building Patterson, CA 95363 $1,214,642 CAD ($282.28 CAD/SF) 5.12% Cap Rate
Investment Highlights
- Downtown Core Zoning
- Leased
- Private Courtyard
- Historic Building
- Conference Room
- Historic Grand Entry
Executive Summary
Introducing the historic Carnegie Professional Building, a remarkable gem nestled in the heart of downtown Patterson. This one-of-a-kind property, centrally located and zoned for the downtown core, offers endless potential for entrepreneurs, professionals, and investors alike.
With its stucco over brick exterior and Classical Revival architecture, the Carnegie Building stands as a testament to timeless elegance. Boasting six separate offices and a central conference room, this space is perfect for businesses seeking a harmonious blend of privacy and collaboration.
What truly sets this property apart is its fantastic visibility and accessibility. Situated in a prime downtown Patterson location, it captures the attention of passersby while ensuring easy access for clients and employees. And the best part? The City of Patterson is poised for immense growth with a planned annexation that will bring 5086 new residential units to the area, guaranteeing a steady stream of potential customers.
Don't miss out on this incredible opportunity to own a piece of Patterson's history while capitalizing on its promising future. Take the leap and make the Carnegie Professional Building your next strategic investment. Schedule a visit today and envision the endless possibilities that await you!
With its stucco over brick exterior and Classical Revival architecture, the Carnegie Building stands as a testament to timeless elegance. Boasting six separate offices and a central conference room, this space is perfect for businesses seeking a harmonious blend of privacy and collaboration.
What truly sets this property apart is its fantastic visibility and accessibility. Situated in a prime downtown Patterson location, it captures the attention of passersby while ensuring easy access for clients and employees. And the best part? The City of Patterson is poised for immense growth with a planned annexation that will bring 5086 new residential units to the area, guaranteeing a steady stream of potential customers.
Don't miss out on this incredible opportunity to own a piece of Patterson's history while capitalizing on its promising future. Take the leap and make the Carnegie Professional Building your next strategic investment. Schedule a visit today and envision the endless possibilities that await you!
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,303 SF
Building Class
B
Year Built
1921
Price
$1,214,642 CAD
Price Per SF
$282.28 CAD
Cap Rate
5.12%
NOI
$62,190 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,742 SF
Building FAR
0.82
Lot Size
0.12 AC
Zoning
Downtown core - See attached Zoning
Amenities
- Courtyard
- Central Heating
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 131-14-28 | Improvements Assessment | $393,086 CAD |
| Land Assessment | $89,778 CAD | Total Assessment | $482,864 CAD |
Property Taxes
Parcel Number
131-14-28
Land Assessment
$89,778 CAD
Improvements Assessment
$393,086 CAD
Total Assessment
$482,864 CAD
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Carnegie Professional Building | 355 W Las Palmas Ave
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