Historic Commercial Property! Rare Prime Investment Opportunity with excellent Cap rate groth potential. Located in the heart of historic Ione, home of iconic Preston Castle, this charming property offers a unique blend of residential and commercial income potential. Just steps from popular restaurants, shopping, and the iconic Preston Castle, this property is a rare investment opportunity. Features include: - A one-bedroom apartment, successfully operated as a temporary vacation rental with consistent bookings. - A studio apartment, also frequently rented as a temporary vacation rental. - A beautifully updated two-bedroom apartment, nearly complete and awaiting final permits. A convertible storage space, ideal for transforming into another rentable studio. - The commercial portion of the building is leased by a long-term tenant that recently renewed their 5 year lease, providing stable and reliable income. A welcoming lobby, beautiful patio, and 15 private parking spaces. With its prime location in the heart of Ione and a solid mix of commercial and residential spaces, this property presents an attractive investment opportunity. Ideal for investors seeking a combination of historic charm, stability, and long-term profitability.
MLS #
ME224108464
MLS Source
MetroList Services, Inc.
Days on Site
40
# Buildings / # Units
0
Loading Facility
DoorTruck, DoorDriveIn
Parking Spaces
15
Present Use
Mixed, Other
Utilities
Natural Gas Available, Other, Water - Public
Flooring
Carpet, Linoleum, Tile, Wood
Cooling
Other
Heating
Fireplace Insert, Gas - Natural, Other
Roof
Metal
Sewer
Public Sewer
Water
Other, Public
Zoning
NC
# Buildings | # Leased Units | # Total Units |
---|---|---|
0 | – | – |
25 Church St is a Commercial Sale in Ione, CA 95640. This 7,000 square foot property sits on a 0.25 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,300,000 and was built in –.
This address can also be written as 25 Church St, Ione, CA 95640.©2024 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
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This listing information is up-to-date as of September 27, 2024. For the most current information, please contact Mary Melville, (209) 418-5287