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$4,750,000
Est. payment /mo
1.81 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225125681
HOA Y/N No
Year Built 1962
Lot Size 1.810 Acres
Acres 1.81
Property Sub-Type Retail
Source MLS Metrolist
Property Description
In 2021, the California & Main Retail Center experienced a fire from an unhoused individual trying to stay warm. Since then, ownership has invested over $1,000,000 in restoration and upgrades, returning the asset to optimal condition and elevating curb appeal and functionality. Additional recent owner work, new A/C units, landscape/tree trimming, and fresh parking lot paint/striping, further improves day-to-day operations and tenant/visitor experience. The final two vacancies have now been leased, so the center is 100% occupied and stabilized. One of the largest suites, originally leased during the COVID period, remains under market, and is the first lease to roll, creating an immediate mark-to-market opportunity for a new owner. Positioned at the hard corner of California St & Main St in Woodland, the property totals 25,626 SF on 1.81 acres, with 82 striped parking spaces and visibility along two key arterials (approx. 15,000 VPD). Originally built in 1962 and renovated in 1995, the center has benefited from ongoing facade, paving, landscaping, and mechanical enhancements. The tenant mix delivers daily-needs convenience (e.g., Subway, Taco Joe's Caf, barbershop, dental clinic, children's activity center, resale retail), supporting durable traffic and income. The asset is offered at $4,750,000, reflecting a 7.06% cap rate, with a 2026 NOI of $335,456 plus annual escalations.
Location
State CA
County Yolo
Area 11411
Direction Use GPS
Location Details Restaurant Nearby,Shopping Nearby,Strip Center
Interior
Heating Central
Cooling Central
Flooring Varies by Unit
Exterior
Parking Features Private
Utilities Available Sewer Connected, Internet Available, Natural Gas Connected
Water Access Desc Public
Roof Type Flat
Total Parking Spaces 82
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 064-140-015-000
Special Listing Condition Offer As Is
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Listed by Ronald Caceres, Broker
NEARBY SCHOOL & BUSINESS
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