1124 3rd Street
$2,723,339
Crescent City, CA 95531-8301
Type:
BUILDING AND LAND W/BUSNS
Business Type:
Food Beverage Service
Units:
1
Square Feet:
18562
Lot Size:
240X240
Zoning:
C-2
Water or Sewer:
PUBWTR SWR
Sewer/Water:
Public Water, Sewer Connected
Roof:
Other
Heating:
Electric
Utilities:
Electric
Business Description:
Grocery Store
Street/Road Info:
Curbs, Paved, Sidewalks, Street Lights
Parking:
40+
View:
Trees
Acres:
1.32
Year Built:
1960
Address:
1124 3rd Street
Listing Date:
2026-06-19 17:29:48
Lot Size:
240X240
Zoning:
C-2
Water or Sewer:
PUBWTR SWR
Sewer/Water:
Public Water, Sewer Connected
Area:
CRESCENT CITY
Subdivision:
Other
Foundation:
Concrete Slab
Interior Condition:
Above Average
Exterior Condition:
Above Average
Property Description:
Located In City Limits
Building Exterior:
Rock
Exterior Featuers:
Gutters, Loading Docks
Roof:
Other
Heating:
Electric
Utilities:
Electric
Business Description:
Grocery Store
Street/Road Info:
Curbs, Paved, Sidewalks, Street Lights
Parking:
40+
The net operating income is currently $156,592 with 10 years remaining on the lease (10% increase every 6 yrs.) 1- 5 yr. extension. 5.75% cap. Parking field to be completely replaced soon ($127,000 improvement). Over 30 years of operation at this location. Recent studies have shown that in times of increasing inflation, Discount Grocers dramatically increase their market share. Why not invest in a free-standing, well established, proven volume store that is at the gateway to the downtown area and high-visibility on Hwy 101 So.
This listing provided by: ROY TEDSEN of INVESTMENT REALTY HOMES INC.
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