GREAT VISIBILITY. LOCATED JUST A FEW BLOCKS SOUTH OF THE 4TH STREET POST OFFICE. This property has HUGE development opportunity. ? Lot 14,000 sq ft and dividable ? Zoned RH, but city will allow multi-housing or ? on additional lot if divided ? Area of new rezoning and urbanization ? Building is occupied and fully leased for 3 years with an accelerating lease schedule. Building Improvements-building and lot cleared and gutted in 2006 and 2007 Interior Gutted All new: -Interior Paint -Sheetrock -Texture throughout -Floor Covering -ADA Bathroom-toilet, sink and plumbing -Electrical -Plumbing -Baseboard -Lighting Throughout -Individual Cadet Heaters in each office -Forced Air Heating System and AC with Heat Pump -Alarm System (owned) -Phone System -Sound System with Speakers in all rooms -Blinds -Cat 5 Wiring for Phone, Internet (DSL and Cable) -Sink, water heater and cabinets -Knox Box and Smoke Alarm, Fire Extinguisher -Addition of 2 offices creating-waiting room, reception area, 3 offices, conference room, break room, ADA bathroom, Coffee/Water Area and Small utility/storage room-copy of floor plan attached Exterior -Removal of Carport and Existing Concrete Pad -Excavated to conform to city code -Sidewalks down Underwood and 4th Street -Front and Side Landscaping -Front Irrigation -Shake Siding -ADA Ramp and Parking -Paved Parking lot -Building is approx. 1100 sq ft -Lot is approx. 14,000 sq ft -RH Zoning -Land Use Change to office granted 3-06 -Lot is dividable -Copy of new RH Applicable uses Property was appraised 7-17-07 for $600,000, since that date, new furnace, phone system, gutters and alarm system were installed; lot was also cleared. Tenant is on 3 year lease until January 2011. Escalating rent changes bi-annually plus cams. Features & Amenities Central Air, Alarm System, Hardwood Flooring, High Speed Internet, Cable Ready, Phone System. Utilities Included Tenant pays all utilities.
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