Description
Property consists of 2 buildings sitting on a large, flat and paved lost consisting of just over 1 acre. The buildings total of 3,896 square feet are currently leased by Abercrombie Stoves, who pay $2,368.85/MO. The lease expires mid 2024 but the tenant may be open to an early termination, which would allow for an owner-user to move in in the near term. The property is located in the heart of Penn Valley's commerce district which has seen significant development/redevelopment over the past 5 years, including the development of a Dollar General on a nearby parcel. The property represents a great opportunity for an investor to receive cash-flow while waiting for future development, or for an owner user to use the existing buildings or build a larger building. The Property is conveniently located just 10 minutes from the Lake Wildwood community and 15 minutes from Grass Valley.
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School Ratings & Info
Description
Property consists of 2 buildings sitting on a large, flat and paved lost consisting of just over 1 acre. The buildings total of 3,896 square feet are currently leased by Abercrombie Stoves, who pay $2,368.85/MO. The lease expires mid 2024 but the tenant may be open to an early termination, which would allow for an owner-user to move in in the near term. The property is located in the heart of Penn Valley's commerce district which has seen significant development/redevelopment over the past 5 years, including the development of a Dollar General on a nearby parcel. The property represents a great opportunity for an investor to receive cash-flow while waiting for future development, or for an owner user to use the existing buildings or build a larger building. The Property is conveniently located just 10 minutes from the Lake Wildwood community and 15 minutes from Grass Valley.
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