Fantastic Investment Opportunity! Located in Historic Downtown Sonora, this building sits in the heart of Washington Street's prime shopping area. Re-built in the late 1970s with modern amenities and infrastructure, the original interior rock are shared with the neighbors giving the space character and warmth as well as offering a glimpse into the past. The building is street to street with access from both Washington and Stewart and has great visibility and exposure. And, with ample street parking as well as a public parking lot across from the Stewart Street entrance, customer access is easy and convenient. Downstairs is the main space and, upstairs, there is approximately 1176 square feet. The business currently occupying the building has been there since 2011, rents both spaces and has approximately 2 years remaining on a 5-year lease with built in rent increases each year. There is a bathroom on each level and the upstairs has its own address and entrance. With a small modification, it would be easy to separate the space and rent the units to different tenants. The zoning and general plan permit a variety of uses, enabling flexibility in the future should the need arise. If you are looking for an investment located in a vibrant community with a great rental history, look no further. (Please do not disturb tenants)
Share Property
Location
111 S Washington Street, Sonora, CA 95370
Status
Sold
360 Virtual Tour
Take a tour of this property
Property Amenities
Area & Lot
Lot Area2,613.6 Sq.Ft.
MLS® ID20231788
Year Built1977
TypeCommercial
StatusSold
Exterior
Air conditioningElectric
Heat typeElectric
Water SourceDistrict
SewerPublic Sewer
ParkingPublic
RoofComposition
Finance
Sales Price$399,000
Real Estate Tax$5,399 yearly
Work With Us
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today.