1674-1678 Oak Street

Solvang, CA 93463

$1,100,000 Beds Baths 6,000 sq ft MLS# 1700953

About 1674-1678 Oak Street

Rare Commercial Building in Solvang For Sale fully occupied with management in place. Great income for the absentee landlord with some long term tenants. Five tenants ranging from 2123 sf to 400 sf provide diversification and easy rentability. Located outside the main tourist area with a combination of local service, Fed Ex drop box, office, and neighborhood tenants, this investment offers a chance for stable income in a vibrant town. With 11 parking spots plus one ADA van accessible parking spot, and five public street parking in front, this makes for easy access for customers and employees. Currently priced at about a 4.23% capitalization rate, this steady investment is ideal for 1031 exchanges or investors looking for solid returns.

1674-1678 Oak Street Details

MLS #1700953
Price$1,100,000
StatusActive
Square Feet6,000
Zip Code93463
Area38 - Santa Ynez Valley
Property TypeCommercial

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Listing Courtesy of Santa Ynez Valley Real Estate
© 2017 by the following associations of REALTORS®: Lompoc Valley, Santa Maria and Santa Ynez Valley. All Rights Reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market.
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