Seller Financing
Address
501 E Main Street, Turlock, CA
Price
$ 3,499,900
Property Attributes
- MLS#223095434
- TypeCommercial
- CountySTANISLAUS
- CityTurlock
- AreaTurlock
- Zip95380
- StyleRetail
- Price$ 3,499,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage13478
- Lot Size1.1777 Acres
Data Source:
MetroList MLS
Property Description
SELLER FINANCING AVAILABLE - BELOW MARKET INTEREST RATE!Discover a prime investment opportunity featuring Bank of America as the nationally recognized tenant, strategically located in Downtown Turlock, California. This property boasts a 13,478 square foot freestanding building on a 1.17-acre parcel. What makes this investment exceptional is the Bank of America tenant, occupying the entire building on an absolute NNN lease. This lease structure guarantees steady rental income with built-in rent increases every five years, ensuring long-term financial stability. Bank of America has committed to a 5-year lease extension until 2029, and 15 renewal options offer a safeguard against inflation. Strategically situated in the Central Valley market, known for its growth and economic vitality, this Bank of America branch consistently records strong annual deposits solidifying its commitment to the community and the property's desirability.In summary, this investment offers a rare opportunity to acquire a stable, investment-grade property with a renowned national tenant in a robust market. A premier tenant, favorable lease terms, and an ideal location make this property an excellent choice for secure and prosperous real estate investing.
| Price History | |
|---|---|
| 10/2/2023 | Listed $3,750,000 |
| 12/7/2023 | 1% - $3,749,900 |
| 1/12/2024 | 1% - $3,749,000 |
| 3/25/2024 | 7% - $3,499,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | MultiUnits,See Remarks |
| Cooling | MultiUnits,See Remarks |
| Utilities | Other |
| Roof | Flat |
| Construction Materials | See Remarks |
| Year Built | 1971 |
| Electric | 220 Volts |
| Tenant Pays | Sewer,Electricity,Taxes,Gas,Trash Collection,Grounds Care,Water,Insurance,Janitorial Services,Maintenance |
| Loading | None |
| Property SubType | Retail |
| Location | Downtown,Restaurant Nearby |
| Business Type | Commercial,Professional Service,Other |
| County | Stanislaus |
| Property Type | CommercialSale |
| Building Features | Other |
| Close Price | 0.0 |
| Status | Active |
| Directions | Take Golden State Blvd to E. Main St. Bank on the left. |
| City | Turlock |
| Buyer Agent Compensation | 2 |
| Zoning Description | Downtown Core (DC) zoning |
| Total Units | 1 |
| MLS Area | 20303 |
| Lot Size Square Feet | 51301.0 |
| Street Name | Main |
| Property Condition | Exterior-Excellent,Updated/Remodeled,Interior-Excellent |
| Ok to Lease | 5 Years |
| Structure Type | Retail |
| Standard Status | Active |
| Year Built Source | Assessor Auto-Fill |
| Buyer Agent Compensation Type | Percent |
Interior Features
| Flooring | Varies by Unit |
|---|---|
| Street Suffix | Street |
Exterior Features
| Parking Features | Open |
|---|---|
| Water Source | Public |
| Total Parking | 0.0 |
| Building Area Total | 13478.0 |
| Lot Size Acres | 1.1777 |
| Lot Size Source | Assessor Auto-Fill |
| Parking Ratio | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 95380
Price
Visits
Year Built
All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList© may not reflect all real estate activity in the market.
All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination.
MetroList CA data last updated: April 28, 2024 8:06 PM UTC 