515 E Main St
Stockton, CA 95202

This retail commercial building property is well located on a busy block in the midst of downtown Stockton redevelopment. Nearby businesses include charter school, and coffee shops, Chase bank and other retails in heart of Stockton’s Business District. Currently occupied by single tenant paying $2500/month operating ballet dancing school with 1 year lease remaining (end of December 2019). Tenant pays for all utilities expenses. Owner pays property tax and property insurance. Rear door adjacent to City parking lot. Great opportunity to be part of Stockton’s emerging Downtown! Value add: Owner has architectural drawing to convert upper level into living area with 3 bedrooms, kitchen and bathrooms (not yet submitted to city for approval). Previous MLS listing showed Two large 2,500 SF floors totaling 5,000 sqft. However, public record shows 7500 sqft. Buyers to verify correct square footage with city/county and do their own due diligence/inspections to satisfy buyers' approval of building's condition and usage. Ask City about Façade grants available for exterior upgrades. Increase cash flow by restructuring dept: Owner carry (seller financing/ seller finance second loan up to 15% second) possible. Buyer to get new first to pay off existing loan Note: Please do not disturb tenant.