On the Market: 5 Small-Business Listings for March
This month's listings feature a newly renovated condo zoned for residential and office use in San Francisco and a historic Utah recreation center with a rooftop and the possibility to add two more stories.
On the Market is a monthly department curating the most interesting recent for-sale CRE assets for less than $10 million. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Associate Editor Mallory Bulman.
Wight House Reception Center
Location: Bountiful, Utah
Price: $1.3 million
Building Size: 9,300 SF
Price/SF: $139.78
Property Type: Retail
HIghlights: Built in 1903; currently a popular recreation center; constructed of prestressed concrete with a three-story elevator in place; possibility for the addition of two more stories pending city approval; two existing floors well-suited for retail or office use; stairs and elevator to rooftop; access to full restaurant kitchen on second floor; located in center of downtown Bountiful, Utah.
Contact: Steve Andrews, Newmark Grubb ACRES, 801-589-0300
920 J St.
Location: Sacramento, Calif.
Price: $2.4 million
Building Size: 12,000 SF
Price/SF: $200
Property Type: Retail
HIghlights: Renovated historical three-story building with basement; valet parking; modern interior and preserved vintage exterior architecture; investment offerings include 1031 exchange, possible tenant in common ownership, seller may consider owner financing; located off I-5.
Contact: Craig C. Gilmore, Berkshire Hathaway Home Services/Drysdale Properties, 209-476-4274
VU Bistro Fountain Hills
Location: Fountain Hills, Ariz.
Price: $2.5 million
Building Size: 4,450 SF
Lot Size: 47,932 SF
Price/SF: $561.80
Property Type: Retail
HIghlights: Property has more than 1500 SF of seating space, including an outdoor patio overlooking the east valley; located 25 minutes from old town Scottsdale, overlooking Eagle Mountain Gold Course; built in 2002; parking ratio is 4.33 SF per 1,000 SF.
Contact: Richard Garbini, 480-338-0419
516 Colorado Ave.
Location: Santa Monica, Calif.
Price: $3.1 million
Building Size: 2,709 SF
Price/SF: $1,153.56
Property Type: Office/retail/residential
HIghlights: Located within amenity-rich area of Downtown Santa Monica and one block from the new Metro station at 4th and Colorado; 1897-built property on Santa Monica’s “Historic Resource Inventory”; located one block from Santa Monica Place shopping center and Third Street Promenade.
Contact: T.C. Macker, Coldwell Banker Commercial WESTMAC, 310-966-4352
Clocktower Lofts, Unit 129
Location: San Francisco, Calif.
Price: $1.7 million
Unit Size: 2,255 SF
Property Type: Office/condo
HIghlights: Residential condo but zoned for office; used by previous owner as corporate headquarters; located along interior courtyard; previous owner made drastic upgrades; two-story unit with two enclosed bedrooms, two full bathrooms, a chef’s kitchen with an electric induction range, a wok station, sub-zero refrigerator and freezer drawers, a warming drawer and granite counters, a master suite with walk-in closet and luxury bath and separate dining, living, office and storage spaces; located at the corner of 2nd and Bryant Streets, close to BART and MUNI.
Contact: Alan Morcos, Pacific Union International, 415-505-7779
All images courtesy of brokers listed.
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