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523 Center St
Taft, CA 93268
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Turn-key Automotive Building | Former Chrysler Dealership
- Over $1M In Sales Consistently Year to Year
- Brand New Roof & Coolers - 2024
- ±12,000 SF Automotive Business | ±1,500 SF Retail Space
- Current Tenant Occupying ±1,500 SF at $1,600/month
- Located On Hard Corner | Well Known Building
EXECUTIVE SUMMARY
±13,500 SF commercial retail, automotive, and warehouse building on a ±0.99 acre lot. Messenger Automotive currently occupies ±12,000 SF for the past 10 years consistently doing over $1 million in annual sales. In the additional ±1,500 SF retail space is currently occupied by Poppy's Melting Pot paying $1,600/month. The current Automotive space was the former Chrysler Dealership and is in turn-key condition. Space is in well maintained condition, offering endless potential for the interior to easily be molded to the next occupants desired layout. Owners just installed new roof & coolers as of January 2024. Located on the corner of Center St & 6th St offering outstanding frontage and visibility. Positioned against the street offering street parking in addition to multiple on-site stalls.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
13,500 SF
Building Class
C
Year Built
1913
Price
$998,550 CAD
Price Per SF
$73.97 CAD
Cap Rate
13.07%
NOI
$130,496 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.99
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
DC - Downtown Commercial
PROPERTY TAXES
| Parcel Number | 031-190-11-00-4 | Improvements Assessment | $183,585 CAD |
| Land Assessment | $63,549 CAD | Total Assessment | $247,133 CAD |
PROPERTY TAXES
Parcel Number
031-190-11-00-4
Land Assessment
$63,549 CAD
Improvements Assessment
$183,585 CAD
Total Assessment
$247,133 CAD
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