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1050 Palmetto Avenue, Pacifica, CA 94044

Commercial property

1050 Palmetto Avenue, Pacifica, CA 94044 Sold October 2024 CRMLS
$700,000Sold October 2024

Listing Agent: Annie Brown (DRE #01406757) · Listing Office: Corcoran Icon Properties · Contact: 925-634-1111 · Bought with: Andrew Awaida · Remax Optima · MLS #41061676 · Source: CRMLS

6.15%
Cap Rate
$80,000
NOI
20,038 sqft
Lot Size
2016
Year Built
C3
Zoning
Commercial property
Type

About this commercial property

WHY RENT AND PAY FOR THE OWNERS PROPERTY WHEN YOU CAN OWN IT YOURSELF!!! This commercial property has 2 buildings!!! There are enough parking spaces for approx. 25 cars!!! There are five (5) roll up doors! Palmetto Avenue is in the Palmetto Business District just a block away from the Pacific Ocean and Highway One. Palmetto Business District offers restaurants, specialty shops, gift stores, trade services and auto repair and more. Just 20 minutes to the San Mateo Peninsula and 15 minutes to San Francisco. Rental Net Income is $80,000 a year with an increase due in January 2025. Do NOT DISTURB tenants. Do NOT go directly to property. Your realtor must call for an appointment to preview the property. Thank you

Listing description from the October 2024 sale, as reported to CRMLS.

Sale history

$700,000
Sold October 2024 · listed $875,000, orig. $1,350,000, on market May 2024 · MLS #41061676 · Source: CRMLS
Listing Agent: Annie Brown · Listing Office: Corcoran Icon Properties · Contact: 925-634-1111 · Bought with: Andrew Awaida · Remax Optima
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