1674-1678 Oak Street, Solvang

$1,100,000

0 Beds
0 Baths
5,723 Sqft
Corner, Acres
0 Garage(s)

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 4.3% capitalization rate, this steady investment is ideal for 1031 exchanges or investors looking for solid returns.

Essential Information
MLS® #1700953
Price$1,100,000
Square Footage5723
Year Built1979
TypeComm/Ind/BusOp-Sale
StatusPending
Community Information
Address1674-1678 Oak Street
SubdivisionNot Applicable
CitySolvang
StateCalifornia
Zip Code93463
Exterior
Lot SizeCorner, Alley

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