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$ 1,388,888
Est. payment /mo
New
7530 Auburn BLVD Citrus Heights, CA 95610
0.53 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226120819
HOA Y/N No
Year Built 1979
Lot Size 0.530 Acres
Acres 0.53
Property Sub-Type Retail
Source MLS Metrolist
Property Description
WHAT IF YOUR NEXT COMMERCIAL INVESTMENT HAD MORE POTENTIAL THAN MEETS THE EYE? Welcome to 7530 Auburn Boulevard Aloha Plaza in Citrus Heights, where location, existing income, and future possibilities come together. This approximately 5,288 SF retail/office property sits on approximately 0.50 acre, strategically located just mile from Highway 80 with approximately 3.82 parking spaces per 1,000 SF. And here's where the opportunity gets interesting The property is currently occupied by three tenants, while the existing configuration offers the potential to create up to Four separate leasable spacesopening the door to multiple strategies for the right buyer. Investor? Explore the potential to increase and diversify rental income. Owner-user? Consider occupying space while generating income from other portions of the property. Value-add buyer? Take a closer look at the existing layout and explore what may be possible. Commercial broker? This is one your investor and owner-user clients will want to see. Built in 1980, Aloha Plaza combines established tenancy with a location positioned near Highway 80 and the Auburn Boulevard commercial corridor. THE NUMBERS ARE WORTH A LOOK. Based on projected income of $98,306, projected operating expenses of $23,661, and projected NOI of approximately $74,645, the property offers a projected 5.37% cap rate at the $1,388,888 asking price. Mortgage and interest expenses are excluded from NOI in the cap-rate calculation. But the numbers are only part of the story. The real question is: What could you do with the space? Whether you're looking for an investment, an owner-user opportunity, or a property with the potential to create additional income streams, 7530 Auburn Boulevard deserves a closer look. Your Next Best Move starts with a conversation. Buyer to independently verify all information, measurements, permitted uses, tenant information, lease terms, development/reconfiguration potential, and financial projections.
Location
State CA
County Sacramento
Area 10610
Direction use navigation
Location Details Restaurant Nearby,Shopping Nearby,Strip Center
Interior
Heating Central
Cooling Central
Flooring Other
Exterior
Parking Features Public
Utilities Available Other
Water Access Desc Water District
Roof Type Flat
Topography Level
Road Frontage City Street
Building
Lot Description Corner
Story 1
Foundation Other
Sewer Public Sewer
Water Water District
Others
Senior Community No
Tax ID 204-0242-001
Special Listing Condition Other
Listed by eXp Realty of California Inc.
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