392 Main StWoodland, CA 95695

Property Details for 392 Main St

Lot size

5.35 AC

Property size (Sq ft)

232,971 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional 5.35-acre redevelopment opportunity in Woodland, CA, presents a compelling investment at $3,750,000. Located at the high-traffic intersection of West Main Street and County Road 98, this property comprises three parcels zoned Corridor Mixed Use (CMU-WN), allowing for a density of 20-40 dwelling units per acre. The existing improvements generate a substantial net operating income (NOI) of $191,578, yielding a 5.11% capitalization rate. The total square footage is 232,971, with 25,600 square feet of net rentable space currently occupied by fifteen tenants generating over $265,000 in gross income. The land value is $16.10 per square foot. The property's zoning offers significant flexibility for diverse development projects, including retail, apartments, hotels, or a combination thereof, benefiting from a recently approved zoning code that encourages Class A development in a supply-constrained market. Further details regarding the city's 2035 General Plan and zoning regulations are available through the City of Woodland's website. This fee-simple ownership presents a rare chance to capitalize on a prime location with existing income and significant upside potential in a thriving California market. The property is offered as a fee simple ownership.

Location Insight

City

Woodland

County

Yolo

State

California

Latitude

38.6781

Longitude

-121.802

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