930 3rd Street, Eureka, CA 95501 (MLS# 256972)


$1,200,000
930 3rd Street
Eureka, CA 95501
MLS# 256972



930 3rd Street, Eureka, CA 95501
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Property Description
Very nice professional office building located in downtown Eureka. Excellent location within 1 block of County Courthouse / County Offices and 2 blocks from City Hall. Professionally maintained office building that is an investor's dream. State of CA is occupying the downstairs with 4+ years remaining on their lease who has been there since the property was built in 1991. Upstairs has 9 separate offices with 6 tenants (one has multiple offices) to help diversify the income. Includes and elevator, parking lot and a new roof (2019). The rate of return is over 6.5%.

Details
Maps
Listing Information
Status: Active
List Date: 2020-07-21
List Price: 1200000
Current Price: 1200000
Property Description
Type of Property: Commercial
Realtor.com Type: Commercial
Construction Status: Existing
Lot Size: Flag
Lot Acres: 0.3
Flood Zone: No
Location, Legal and Taxes
Area: South Bay
House Number: 930
Street Name: 3rd
Street Suffix: Street
Sub-Area: Eureka
State: CA
Zip Code: 95501
Cross Street: K Street
APN: 001-175-009
Directions and Remarks
Directions: Downtown Eureka at the corner of 3rd and K Streets.
Building Description
Year Built: 1991
# Units: 10
SqFt: 8500
Condition: Excellent
# of Floors: 2
# of Parking Spaces: 26
Income & Expenses
Adjusted Gross Inc: 134886
Net Operating Inc: 82290
Total Expenses: 52596
Square Footages
Total Building SqFt: 8500
Office SqFt: 8500
Business
Real Estate Included: Yes
Property Features
Zoning: Commercial
Type of Use: Free Standing B; Office Building
Existing Use: Professional
Location: Central Business; Corner Lot
Foundation: Slab
Construction: Wood Frame
Siding: Horizontal; Wood
Roof: Other
Parking: 11 - 20 Spaces; On Site; Paved
Exterior Amenities: Alley; Landscaping; Major Road Access; Public Trans; Sidewalks
Heating: Forced Air; Natural Gas
Cooling: Air Conditioning
Interior Amenities: Elevator
Flooring: Carpeted; Vinyl
Sale Includes: Land & Building
Possession: At Close of Escrow
Financing Terms: Cash; Conventional

Last Updated: July - 23 - 2020

Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on .) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2016 (year) Humboldt Association of Realtors®. All rights reserved.

Wednesday 5th of August 2020 02:08 PM