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47 N Grant St 10,565 SF 100% Leased Retail Building Stockton, CA 95202 $1,488,778 CAD ($140.92 CAD/SF)
INVESTMENT HIGHLIGHTS
- Ground floor rents of +/-$6,000/mo
- Heart of Downtown Stockton
- High demand for market-rate apartments
- Convert upper floor to 7 loft apartments
- Many residential conversion projects underway
- Attached gated parking lot
EXECUTIVE SUMMARY
Just reduced by $75,000! Seller willing to carry back financing! This historic building sits on the corner of Weber Avenue and Grant Street, in the Downtown Business District.
This part of the downtown is a rapidly developing area, and the Pythian Building is poised for appreciation as demand for both commercial and residential space continues to rise. Four leased commercial spaces on the ground floor offer immediate income, with seven apartments planned for the second floor.
Property includes a 4,000 SF paved and gated parking lot next door, leased by the Downtown Stockton Alliance for its safety ambassadors.
With established businesses on the ground floor and the possibility of residential units above, this property offers diverse revenue streams and the potential for strong returns.
Possible scenario for Seller financing: $500k down, 7-year term at 7.5% interest. Interest only payments or amortized.
Current monthly income could cover the interest payment.
This part of the downtown is a rapidly developing area, and the Pythian Building is poised for appreciation as demand for both commercial and residential space continues to rise. Four leased commercial spaces on the ground floor offer immediate income, with seven apartments planned for the second floor.
Property includes a 4,000 SF paved and gated parking lot next door, leased by the Downtown Stockton Alliance for its safety ambassadors.
With established businesses on the ground floor and the possibility of residential units above, this property offers diverse revenue streams and the potential for strong returns.
Possible scenario for Seller financing: $500k down, 7-year term at 7.5% interest. Interest only payments or amortized.
Current monthly income could cover the interest payment.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,565 SF
Building Class
C
Year Built
1910
Price
$1,488,778 CAD
Price Per SF
$140.92 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.87
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
CD - Commercial Downtown (CD) allows commercial business of many types. Residential is also a "by-right" use.
Frontage
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 149-180-15 | Improvements Assessment | $314,773 CAD |
| Land Assessment | $77,257 CAD | Total Assessment | $392,030 CAD |
PROPERTY TAXES
Parcel Number
149-180-15
Land Assessment
$77,257 CAD
Improvements Assessment
$314,773 CAD
Total Assessment
$392,030 CAD
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47 N Grant St
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