Atwater, CA 95301,644 Railroad AVE
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Atwater, CA 95301,644 Railroad AVE

$1,850,000

Est. payment /mo

$2,000,000

7.5%
Est.Price: ?

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644 Railroad AVE Atwater, CA 95301

3.4 Acres Lot

SOLD DATE : 08/14/2020

Key Details

Sold Price $1,850,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID MC20003370

Sold Date 08/14/20

HOA Y/N No

Lot Size 3.400 Acres

Acres 3.4

Property Description

PRICE REDUCED $500,000 (Now $32.11 / SF) COMPARE TO ANY OTHER WAREHOUSE /INDUSTRIAL PROPERTY CURRENTLY ON THE MARKET. 3 Bldgs.(610 & 644 Railroad Ave. & 920 High St) on 2 parcels, 003-160-023 (644 Railroad) & 003-160-024 (610 Railroad + 920 High St.) 644 Railroad is a fully sprinklered 50,280 SF metal bldg. with insulated exterior walls, raised exterior truck dock & multiple grade level roll-up doors. Has small office, 1,200 AMP electrical service, paved yard area with perimeter fencing (6' chain link with barbed wire above) and there is a ground lease to a cell tower ($760.44 / mo.). 15+ year tenant recently moved and bldg. is available for lease for $15,000/month ($.30/SF) NNN. 610 Railroad is a 4,000 SF Bldg. that has insulated walls, is sprinklered and has an ADA RR. Current month-to month tenant that has occupied bldg. since 2011 and pays $1,800/mo. ($.45/SF) rent (Industrial Gross). 920 High Street is an 8,000 SF fully insulated metal warehouse bldg. that has MTM tenant that pays $3,200/mo. ($.40/SF) rent (industrial Gross). All 3 bldgs. have good access to and visibility from Hwy 99. Property is zoned B-P (Business Professional) which allows cannabis related businesses (Buyer to verify with the City of Atwater whether this property qualifies for Buyer's specific intended cannabis related business). All three buildings on the two parcels are for sale together for $2,00,000 ($32.11 / SF) and 644 is also available for lease for $15,000/month ($.30/SF) NNN.

Location

State CA

County Merced

Zoning B-P (Business Professiona

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating None

Cooling None

Fireplace No

Laundry None

Exterior

Fence Barbed Wire, Chain Link, See Remarks

Utilities Available Cable Available, Electricity Connected

Roof Type Metal

Building

Lot Description Corner Lot, Lot Over 40000 Sqft, Level

Water Public

Others

Tax ID 003160023

Security Features Fire Sprinkler System

Acceptable Financing Cash, Submit

Listing Terms Cash, Submit

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Steve Tinetti • Tinetti Realty Group
Bought with Jim Randleman • NONMEMBER MRML

Anna Taylor

Agent | License ID: 02115281

+1(562) 275-1710

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