644 Railroad Avenue

    Atwater, CA 95301
    • $2,500,000
    • STATUS: Active Under Contract
    • ON SITE: 460 days
    • ID#: MC18036264
    Under Contract
    UPDATED: 17 min ago
    $2,500,000
    • 0
      BEDS
    • 3.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 62,280
      SQFT
    • $40
      $/SQFT
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    3 bldgs. (610 & 644 Railroad Avenue & 920 High Street) on 2 parcels (APNs 003-160-023 - 644 Railroad & APN 003-160-024 -610 Railroad & 920 High Street). 644 Railroad is a fully sprinklered 50,280 SF metal bldg. with one exterior raised dock door & multiple grade level doors. Has a small office & 1,200 AMP electrical service for a heavy user. Current tenant has occupied since 2005. Seller is hesitant to renew lease as property is for sale. Tenant is currently on a month-to-month tenancy and pays $12,500 / month. There is also a ground lease to a cell tower company on a small portion of the 2.5 acre parcel (Rent is 760.44/month). 610 Railroad is fully sprinklered & has tenant that has occupied since 2011. Most recent 3 year extension just expired and Seller is hesitant to renew lease as property is for sale. Currently on a month-to-month tenancy and paying $1,600 / month industrial gross. 920 High Street is currently occupied with a MTM tenant paying $2,800 /month industiral gross. Tenants in 610 Railroad & 920 High Street would likely sign longer term leases with a new buyer. All three buildings have good access to freeway both north and south and are in in the B-P Zone (Business Park). Atwater's B-P zoning allows cannabis related business (buyer to verify with City Authorities wherther thsi particualr proeprty quaifies ). All 3 buildings have insulation in the walls. These properties are currently in escrow with a contiingent sale & Seller woud llke a strong back-up offer.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-05-22T12:34:35.197. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/80798031

    644 Railroad Avenue Atwater, CA 95301

    • Price: $2,500,000
    • Status: Active Under Contract
    • Updated: 17 min ago
    • ID#: MC18036264
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.43
    Acres
    62,280
    SQFT
    $40
    $/SQFT
    County:
    Merced
    Property Description
    3 bldgs. (610 & 644 Railroad Avenue & 920 High Street) on 2 parcels (APNs 003-160-023 - 644 Railroad & APN 003-160-024 -610 Railroad & 920 High Street). 644 Railroad is a fully sprinklered 50,280 SF metal bldg. with one exterior raised dock door & multiple grade level doors. Has a small office & 1,200 AMP electrical service for a heavy user. Current tenant has occupied since 2005. Seller is hesitant to renew lease as property is for sale. Tenant is currently on a month-to-month tenancy and pays $12,500 / month. There is also a ground lease to a cell tower company on a small portion of the 2.5 acre parcel (Rent is 760.44/month). 610 Railroad is fully sprinklered & has tenant that has occupied since 2011. Most recent 3 year extension just expired and Seller is hesitant to renew lease as property is for sale. Currently on a month-to-month tenancy and paying $1,600 / month industrial gross. 920 High Street is currently occupied with a MTM tenant paying $2,800 /month industiral gross. Tenants in 610 Railroad & 920 High Street would likely sign longer term leases with a new buyer. All three buildings have good access to freeway both north and south and are in in the B-P Zone (Business Park). Atwater's B-P zoning allows cannabis related business (buyer to verify with City Authorities wherther thsi particualr proeprty quaifies ). All 3 buildings have insulation in the walls. These properties are currently in escrow with a contiingent sale & Seller woud llke a strong back-up offer.
    Exterior Features

    Construction Materials Metal SidingSteel Siding Fence YN Yes Fencing Chain Link Lot Features Level With StreetLot Over 40000 SqftIrregular LotPaved Lot Size Source Assessor Lot Size Units Square Feet Roof Metal Topography Level

    Interior Features

    Condo Area Units Square Feet Cooling None Cooling YN No Laundry Features None

    Property Features

    Additional Parcels Description 003160024000 Additional Parcels YN No Amperage 1200 Building Area Units Square Feet Building Status Existing Country Us Electric Electricity - On Property Industrial Type ManufacturingWarehouse/Distribution Investment Property YN No Land Lease YN No Land Use IndustrialOfficeOther Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 2 Property Sub Type Industrial Security Features Fire Sprinkler System Special Listing Conditions Standard Utilities Electricity Connected Water Source Public Zoning B-P

    Listing provided courtesy of Steve Tinetti of Tinetti Realty Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-05-22T12:34:35.197. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    Bonsall CA, 92003