$500,000
$525,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
3,720 SqFt
SOLD DATE : 03/07/2025
Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,720 sqft
Price per Sqft $134
MLS Listing ID 24-2749
Sold Date 03/07/25
Year Built 1988
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 5227.0
Property Sub-Type Commercial
Source Santa Barbara Multiple Listing Service
Property Description
Prime Commercial Investment Opportunity in Los OsosPresenting a rare opportunity to acquire a high-visibility commercial property located at 2005 9th Street, Los Osos. This 3,720 sq ft building sits on a 5,227 sq ft lot at a prominent corner location with on-site parking. The property currently hosts service-based businesses, making it an ideal space for similar tenants.The property has undergone recent inspections, including building and pest assessments, providing transparency and peace of mind for potential investors. With two vacancies offering rental potential between $450 to $850 per month, there's significant upside for increased income. The property is currently generating a Net Operating Income (NOI) of $21,431 with a cap rate exceeding 3%, making it a strong candidate for value- add investors.Given its strategic location and the limited availability of commercial spaces in Los Osos, this property is poised for appreciation. Whether you're looking to expand your portfolio or invest in a community-focused commercial space, 2005 9th Street offers both stability and potential for growth.
Location
State CA
County Santa Barbara
Direction 101 to Los Osos Valley Road, Right on 9th Street
Building
New Construction No
Others
Tax ID 038-652-042
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