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1428 6th

Coachella, CA 92236
  • $5,760,000
  • STATUS: Active
  • ON SITE: 64 Days
  • MLS #: IV22057843
UPDATED: 165 min ago
$5,760,000
  • 0
    BEDS
  • 1.98
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Lee Spence of Daum Commercial Re Services (909-980-1234)


Description

Leased Investment for sale. 1st time on the market in 31 years. City block right downtown irreplaceable location. This highly visible, 1.98 acre site offers 350' of frontage along 6th St. just 1 block west of City hall. the site has 5 existing buildings totaling 26,400 sq. ft. , the oldest of which was built in 1920 and the newest in 1993. the property is in very good condition. 3 tenants including a US Post office, occupy 100% of the buildings and the property brings in $24,960 / mo (gross) currently. all 3 tenants are seasoned there and provide an investor with a good "sleep at night" income stream.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-27T00:30:37.293. 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 or Brad Schmett Real Estate Group. Licensed in the State of California, USA.
www.bradschmett.net/homes/126984464
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1428 6th Coachella, CA 92236

  • Price: $5,760,000
  • Status: Active
  • On Site: 64 Days
  • Updated: 165 min ago
  • MLS #: IV22057843
0
Beds
0
Baths
0
½ Baths
1.98
Acres
Neighborhood:
315 - Coachella
County:
Riverside
Area:
315 - Coachella
Property Description
Leased Investment for sale. 1st time on the market in 31 years. City block right downtown irreplaceable location. This highly visible, 1.98 acre site offers 350' of frontage along 6th St. just 1 block west of City hall. the site has 5 existing buildings totaling 26,400 sq. ft. , the oldest of which was built in 1920 and the newest in 1993. the property is in very good condition. 3 tenants including a US Post office, occupy 100% of the buildings and the property brings in $24,960 / mo (gross) currently. all 3 tenants are seasoned there and provide an investor with a good "sleep at night" income stream.
Exterior Features

Lot Features Near Public Transit Sign On Property YN No

Property Features

Additional Parcels YN Yes Cap Rate 4.47 Common Interest None Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 257360 Property Sub Type Office Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-27T00:30:37.293. 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 or Brad Schmett Real Estate Group. Licensed in the State of California, USA.
 
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Brad Schmett Real Estate Group
760-880-5845
La Quinta and Palm Springs CA,
Listing Agent(s): Lee Spence of Daum Commercial Re Services (909-980-1234)