270 N 5th Street, Coalinga, CA, CA 93210

$599,000

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List Price
$599,000
Status
ACTIVE
MLS#
ML82064447
County
Fresno
Zoning
C
Year Built
1991
Square Feet
5,124
Lot Size (acres)
0.1263
Days on Market
15
Property Type
Commercial
Business Type
Restaurant

Property Description

Outstanding investment and owner-user opportunity in the heart of Downtown Coalinga! This approximately 5,124-square-foot, two-story commercial building offers multiple income-producing spaces and excellent potential to increase revenue through lease-up. The property features an established restaurant tenant occupying the main restaurant space, a spacious former salon with improvements ready for a new operator or alternative business use, and three upstairs office suites that provide additional rental possibilities. One upstairs suite is currently used by the restaurant tenant for office and storage. The flexible layout can accommodate a variety of professional and service-oriented businesses, including beauty, legal, accounting, property management, counseling, wellness, insurance, real estate or administrative offices, subject to city approval. Located along a charming tree-lined downtown street near City Hall, banking, shopping, restaurants and professional services, the property offers storefront visibility, rear parking and convenient customer access. Ideal for an investor seeking multiple income streams, a business owner who wants to occupy the vacant salon or office space while receiving rental income, or a value-add buyer ready to improve occupancy and maximize.

Additional Information

Taxes
$3,568
Parcel Number
07213120
Gross Scheduled Income
$33,000
Heat
Central
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Roof
Tar/Gravel
Water
Public

Listing courtesy of Listing Agent: Guadalupe Silva (silvarealestategroup@gmail.com) from Listing Office: Guadalupe M Silva, Broker.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.