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$1,300,000

Est. payment - /mo

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0.25 Acres Lot

Active

25 Church ST Ione, CA 95640

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Desmond Sandy

desmond@sandyrealestategroup.com +1(530) 263-1925

UPDATED:

09/27/2024 05:25 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 224108464

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1933

Lot Size 10,890 Sqft

Acres 0.25

Property Description

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.

Location

State CA

County Amador

Area 22001

Direction downtown Ione on main street

Location Details Neighborhood,Business Park,Downtown,Restaurant Nearby,Shopping Nearby,Hotel/Motel Nearby,Strip Center,Warehouse

Interior

Heating Ductless, Fireplace Insert, Natural Gas

Cooling Ductless

Flooring Tile, Carpet, Wood, Linoleum

Window Features Dual Pane Full,Weather Stripped,Window Screens

Exterior

Garage Private, Street

Utilities Available Separate Gas Meter, Separate Water Meter, Telephone, Internet Available, Master Water Meter, Natural Gas Connected

Water Access Desc Public

Roof Type Metal

Total Parking Spaces 15

Building

Story 1

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 004-147-005-000

Special Listing Condition None

Listed by eXp Realty of Nor Cal Jackson

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Desmond Sandy

Agent | License ID: 02083867

+1(530) 263-1925