2 steel structures each 18,000 sq ft totaling 36,000 sq feet. $200k yearly income, 5 acres of the 9 acres are bare with lots of room for actvities / expansion. 4 Tenants, 3 tenants month to month are $5000 per month. 1 long term tenant is 12,000 per month for a total of $17,000 a month. Long term tenant lease comes up for renewal November of 2024 has first option to extend contract up to 5 years and renegotiate monthly rent or opens for the possibility of a owner user. Each tenant has space they are sharing in the 4 acre yard portion. This property is NOT industrial. There is a 25-foot easement to access the property through the neighbor's property. The easement continues to the back portion of the property for the back neighbor, so the back NORTH neighbor must have 25 foot access through this property as well. The possibility to expand that easement to 45 or 50 foot wide which is required for Industrial use currently rest with the EAST neighbor who is a reasonable guy and planning to expand his cemetery. With that in mind, you do have very quiet neighbors. 375 foot well, 3 phase 400 amp / 2 story office with shower and 2 baths / 7 renovated toilet stalls with updated plumbing to septic. 5 acres of bare land can be used to build and generate more income.
Property Type :
Land
County :
San Joaquin
Style :
Land
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ByOwner last updated this listing 05/17/2024 @ 05:50
MLS: 223063874
LISTED BY: Pauline Searcy, eXp Realty of California Inc.
SOURCE: MLS Metrolist
Buyer Agency Compensation: 1%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
