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505-678 Lincoln Blvd 6,900 SF 100% Leased Retail Building Lincoln, CA 95648 $2,645,288 CAD ($383.38 CAD/SF) 5.50% Cap Rate

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Investment Highlights

Historic 1900 mixed-use asset with original brick, transom glass, and authentic downtown character.
Multiple street addresses and independent rentable bays support flexible leasing strategies.
Value-add opportunity through targeted cosmetic upgrades and deferred maintenance improvements.

Prominent hard-corner location at Lincoln Boulevard and 5th Street with strong visibility.
Offered at approximately $272 per square foot, below many modernized downtown comparable sales.
Diverse tenant-use potential supports long-term income growth and repositioning flexibility.

Executive Summary

This is a 6,900 square foot historic mixed-use building occupying the hard corner of Lincoln Blvd and 5th Street in downtown Lincoln an assemblage trading as a single parcel with multiple street addresses and independent rentable bays. The building dates to 1900 and carries the character buyers cannot manufacture: original brick, transom glass, corner presence, and a tenant-mix flexibility that modern product cannot replicate. Priced at $1,875,000, the asset trades at roughly $272 per square foot against replacement cost materially higher and against downtown Placer County comparables that routinely clear $300+ per foot once modernized. The deferred maintenance and cosmetic updates are knowable, scopeable, and contained not structural. Execute a disciplined capital plan across 12 to 18 months and the asset resets to a $2M+ stabilized basis with in-place income supporting a refinance or a clean disposition. This is a craftsman's deal, not a home run the margin is earned, not gifted.