1180 Northcrest Dr

Zoned light industrial, C2, many types of uses from retail, storage, including re-positioning as distribution center, indoor climate controlled storage, local cloud data center, cannabis dispensary, local retail and other uses possible, Check with local city for possible uses and any potential variances. See attached possible uses. Lots of parking and located on a very busy signaled intersection at Harding and Northcrest, just off highway 101. Seller may carry financing with significant down payment. California cost of new construction significantly higher per sf.. This building can be acquired for well below replacement cost. Crescent city is a growing community with Walmart, Safeway, Home Depot, Harbor Freight established and a new Chipotle entering the market this summer. There is continued construction of new homes and apartments as well as self storage. There is high demand for climate controlled storage on the coast due to the wet weather. There is a substantial need for last mile distribution centers along highway 101. The LA Times recently named Crescent City as one of the few cities in California where you can buy a home for $150k. Crescent City has a large influx of tourists to see the coast every year. Cap rate is pro forma APN is 118-320-003. CoStar loading other APNS (016, 018) which are R2 lots not part of this listing. Title shows as 14910 sf .but building measures slightly larger. Buyer to verify actual sf of bldg & lot. Seller has ordered a Boma survey which will be uploaded when available. Direct all calls to Paul Maguire. Please do not disturb the tenant.