MLS#SN26231690
STATUSActive
PROPERTY TYPECommercial - Business
Listing Courtesy of:
1st Choice Realty & Associates Inc
Agency Phone: 916-968-1627
Associate Name: Sylvanna Steveson
Listing Shown by:
Watson Realty
Associate Name: TEAM T.P.G.
Property Description
2075 Baldwin Avenue is a 100% occupied mixed-use investment property offered at $2,207,767, an 8.20% cap rate. It has 12,179 SF of building area on ±1.21 acres (52,708 SF) zoned C-2 (Intensive Commercial). The site is next to the new Hewitt Park, off Myers Street and Baldwin Avenue, and sits in a federal Qualified Opportunity Zone (Census Tract 28). The property combines three income streams on one parcel: Parkview Daycare: 4,130 SF, built new in 2019, leased through March 2029. A work training center: 4,935 SF of office space remodeled in 2019. Five one-bedroom apartments: built new in 2019. Together they produce $209,939 in gross annual income and $181,037 in net operating income. Diversified tenants, newer improvements and Opportunity Zone tax potential make it a strong fit for investors and 1031 exchange buyers.
Property Features
Property Type: Commercial - Business
Heating: Central
Lot Size: 1.21 Acres
Stories: 1.0
Year Built: 1946
Feature Descriptions
Days on Site: 4
Laundry: None
Lot: 2-5 Units/Acre
Parcel#: 012160071000
Listed By / Shown By
Listed By
Agency Name: 1st Choice Realty & Associates Inc
Agent Name: Sylvanna Steveson
Agency Phone: 916-968-1627
Shown By
Agent Name: TEAM T.P.G.
Agent Phone: (661) 327-5161
Agency Title: Watson Realty
2075 Baldwin | MLS# SN26231690
This commercial property located at 2075 Baldwin, Oroville, CA 95966 is currently listed for sale with an asking price of $2,207,767. Search Oroville real estate on t-p-g.cce-escrow.com today.