501 E Main Street Turlock, CA $ 3,499,900
501 E Main Street
$ 3,499,900
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501 E Main Street

Turlock, CA, 95380
$ 3,499,900
Baths0.0 Sq 13,478

Monthly Estimate*

$ 24,448

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501 E Main Street, Turlock, CA 95380 - Image 13
Studio

Commercial Property for sale in Turlock, CA

for $3,499,900. This 13,478 square foot building was built in 1971 on a lot size of 1.1777.

SELLER FINANCING AVAILABLE - BELOW MARKET INTEREST RATE!Discover a prime investment opportunity featuring Bank of America as the nationally recognized tenant, strategically located in Downtown Turlock, California. This property boasts a 13,478 square foot freestanding building on a 1.17-acre parcel. What makes this investment exceptional is the Bank of America tenant, occupying the entire building on an absolute NNN lease. This lease structure guarantees steady rental income with built-in rent increases every five years, ensuring long-term financial stability. Bank of America has committed to a 5-year lease extension until 2029, and 15 renewal options offer a safeguard against inflation. Strategically situated in the Central Valley market, known for its growth and economic vitality, this Bank of America branch consistently records strong annual deposits solidifying its commitment to the community and the property's desirability.In summary, this investment offers a rare opportunity to acquire a stable, investment-grade property with a renowned national tenant in a robust market. A premier tenant, favorable lease terms, and an ideal location make this property an excellent choice for secure and prosperous real estate investing.

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Commercial Active

Price

$ 3,499,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

1.1777

Year Built

1971

Town/City

Turlock

County/Region

Stanislaus

MLS | Web ID

223095434

Features
General
Sewer Public Sewer
Heating MultiUnits See Remarks
Cooling MultiUnits See Remarks
Utilities Other
Roof Flat
Construction Materials See Remarks
Year Built 1971
Electric 220 Volts
Tenant Pays Sewer Electricity Taxes Gas Trash Collection Grounds Care Water Insurance Janitorial Services Maintenance
Stories 0
Levels 0
Property SubType Retail
Location Downtown Restaurant Nearby
Business Type Commercial Professional Service Other
County Stanislaus
Property Type CommercialSale
Building Features Other
Close Price 0.0
Status Active
Directions Take Golden State Blvd to E. Main St. Bank on the left.
City Turlock
Buyer Agent Compensation 2
Zoning Description Downtown Core (DC) zoning
Total Units 1
MLS Area 20303
Lot Size Square Feet 51301.0
Street Name Main
Property Condition Exterior-Excellent Updated/Remodeled Interior-Excellent
Ok to Lease 5 Years
Structure Type Retail
Standard Status Active
Year Built Source Assessor Auto-Fill
Buyer Agent Compensation Type Percent
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Interior
Flooring Varies by Unit 0
Office Area 0
Total Stories 0
Street Suffix Street
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Exterior
Parking Features Open
Water Source Public
Total Parking 0.0
Number of Buildings 0
Building Area Total 13478.0
Lot Size Acres 1.1777
Lot Size Source Assessor Auto-Fill
Parking Ratio 0.0
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Internal Only
Street Number 1 501
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* Excluded Features
List By
Lifestyle Realty

Broker

Sonny@LifestyleRealtyco.com

Email

Affordability Calculator

$24,448
Per Month
100%
0%
0%
Monthly Principal & Interest
$24,448
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
295416 Elementary School
295437 Middle School
Unknown High School High School
Pricing History
Date Price Price Change Description
3/25/2024 $3,499,900 -6.64% Price Down
1/12/2024 $3,749,000 -0.02% Price Down
12/7/2023 $3,749,900 0.00% Price Down
10/2/2023 $3,750,000 Listed Price

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501 E Main Street, Turlock, CA, 95380 is a Commercial Property for sale at $3,499,900 with 13,478 sqft and a lot size of 1.1777. 501 E Main Street is a studio with 0.0 baths and was built in 1971. The property's zip code is 95380 which is in Turlock, CA