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1744 Pacific Avenue $2,500,000

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    1744 Pacific Avenue Stockton, CA 95204

    • 5,375 sq. ft.
    • 0.24 Acres
    • Commercial
    • MLS# 222034594
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    Views: 38

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    Property Details

    Central Valley Investment Team is pleased to present the rare opportunity to acquire a 100% leased city block located along Stockton's Miracle Mile. The 1700 Block of Pacific Ave is a five (5) tenant, multi-story commercial building with frontage along Stockton's main commercial corridor. The property enjoys street front as well as gated, secured parking in the rear. Anchored by seasoned local tenants, some who have been at the site for over 15 years, the site offers stable cash flow with a value-add opportunity available through tenant repositioning and market rent increases. The Property consists of 22,237 rentable square feet, divided into five (5) spaces ranging from 2,500 SF to 6,900 SF. Tenant lease terms range from month to month to multi year term. Built in 1946, the building includes a subterranean basement level, common for buildings built in that era. The basement square footage is not included in the rentable square footage. There are 6 separate legal parcels.

    • General Features
      • Year Renovated 0
      • Year Built 1948
      • County San Joaquin
      • Business Type Commercial,Restaurant
      • Property Subtype Retail
    • Building Features
      • Dock Doors 0
      • Number of Floors 0
      • Number of Offices 0
      • Number of Restrooms 0
      • Industrial SqFt 0
      • Floor Num 0
      • Minimum Available SqFt 0
      • Number of Buildings 1
      • Number of Elevators 0
      • Water Source Public
      • Total Units 5
      • Warehouse SqFt 0
      • Sewer Public Sewer
      • Stories 0
      • Square Footage 5,375
      • Total Parking Spaces 0.00
      • Office SqFt 0
      • Number of Truck Doors 0
    • Property Features
      • Lot Size Square Feet 10650.00

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    Neighborhood

    95204 (Stockton) Demographics

    35 Median Age
    5,379 Population Density (per sq. mile)
    26% College Educated
    $56,041 Estimated Median Income
    6,083 Estimated Total Home Owners
    4,882 Estimated Total Renters
    55% / 45% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    28,860 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    61 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,500,000
        6/1/2022 11:01:54 AM Price Reduced Source: Multiple Listing Service New Value: $2,500,000 -10.71%
        3/23/2022 2:02:00 PM New in Database Source: Multiple Listing Service New Value: $2,800,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 7/5/2022 9:04:51 AM. 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. Terms of Use

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.