PRICE REDUCED | SELLER MOTIVATED 4804-4810 Watt Ave 10,119 SF Retail Building North Highlands, CA 95660 $2,000,000 ($197.65/SF)
EXECUTIVE SUMMARY
Corcoran Icon Properties, as the exclusive advisor, is pleased to present the opportunity to acquire 4810 Watt Ave, Highland CA. This retail property consists of approximately 9,490 square feet of building on a 35,574 square foot lot. 4810 Watt Ave is currently completely vacant. Owner user situation, yet owner plans on closing business if not acquired upon sale. The property features excellent visibility and is located in a commercial hub featuring a mix of businesses, shops, restaurants, and multi-family dwellings. It has easy access to public transportation with various new developments nearby.
The offering gives buyers significant upside potential for development, allowing buyers to capitalize on value appreciation and meet evolving market demands. This provides a way to collect passive cash flow during the entitlement process for a future project.
North Highlands, California, emerges as a vibrant community nestled within the greater Sacramento metropolitan area. Renowned for its diverse populace and inclusive atmosphere, North Highlands celebrates a rich mosaic of cultures and backgrounds. Anchored by its proximity to California State University, Sacramento, the city benefits from a robust academic environment that enriches its social fabric.
Positioned strategically in Northern California, North Highlands serves as a pivotal economic center, hosting a spectrum of industries. Residents and visitors alike relish in the abundance of green spaces, historical landmarks, and a calendar brimming with cultural events that foster a strong sense of belonging. With convenient access to major transportation arteries, including highways and public transit, North Highlands offers both affordability and accessibility in housing, ensuring a well-rounded living experience for its inhabitants.
Please contact Jonah Schwartz for marketing package at (310) 429-5195 or email jonah.schwartz@corcoranicon.com
The offering gives buyers significant upside potential for development, allowing buyers to capitalize on value appreciation and meet evolving market demands. This provides a way to collect passive cash flow during the entitlement process for a future project.
North Highlands, California, emerges as a vibrant community nestled within the greater Sacramento metropolitan area. Renowned for its diverse populace and inclusive atmosphere, North Highlands celebrates a rich mosaic of cultures and backgrounds. Anchored by its proximity to California State University, Sacramento, the city benefits from a robust academic environment that enriches its social fabric.
Positioned strategically in Northern California, North Highlands serves as a pivotal economic center, hosting a spectrum of industries. Residents and visitors alike relish in the abundance of green spaces, historical landmarks, and a calendar brimming with cultural events that foster a strong sense of belonging. With convenient access to major transportation arteries, including highways and public transit, North Highlands offers both affordability and accessibility in housing, ensuring a well-rounded living experience for its inhabitants.
Please contact Jonah Schwartz for marketing package at (310) 429-5195 or email jonah.schwartz@corcoranicon.com
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,119 SF
Building Class
C
Year Built
1955
Price
$2,000,000
Price Per SF
$197.65
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.82 AC
Zoning
LC
Parking
32 Spaces (3.16 Spaces per 1,000 SF Leased)
Frontage
236’ on Watt Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $754,290 | |
| Land Assessment | $332,928 | Total Assessment | $1,087,218 |
