Investment Overview

Marcus & Millichap are pleased to present this highly desirable mixed-use property for sale. This property was built in 1958 as a single-family home alongside a bar. This property also contained an operating 22-unit motel which is now partially demolished. However, there are 8 newly-refurbished mixed-use buildings on the south of the property and a 1 bed/ 1 bath residential unit attached. The property is situated on 1.49 acres. 2 APNS (422-022-02-00-2), (422-022-04-00-8) This property was recently appraised at $1,273,000.00. Our Broker Opinion of Value is $1,095,000.00, derived as follows: 1.) Land Value - 64,904 sf x $6.00/ sf = $389,424.00 2.) Building Value - 9,201 sf x $77/ sf = $705,546.00 Concluding vaalue = $1,095,000.00 This property offers a wide range of endless opportunities with its General Commercial (GC) zoning at a very convenient location in Delano, CA. This property opens the doors for creative investors to build or re-build what sits on the property. Owner Financing is an option to purchase this property, allowing investors to focus on building their cash-?ow assets to how they please. Rarely does an opportunity such as this come to the market, when it does, the opportunity is sold quickly.