Description

DOWNTOWN ROSEVILLE is a fully leased, multi-tenant retail and restaurant property at 242-246 Vernon Street in Roseville, CA. Its corner position and 4,980 SF of gross leasable area give investors a defined downtown retail asset with income in place.

Built in 1925, the Property pairs retail and restaurant tenancy with 12+ foot ceilings and frontage of 72' on Vernon Street and 195' on Washington Boulevard. The corner exposure gives the tenants visibility from both streets, while the mix of businesses connects the investment to more than one type of retail visit. The 0.1 acres are zoned CBD/SA-DT: Central Business District / Special Area, and the Property carries a parking ratio of 0.86 per 1,000 SF.

The Property sits within a block of Vernon Street Town Square, placing its storefronts near a gathering point in downtown Roseville. Two free public parking garages are within a 2 block radius, including a newer garage within one block. That nearby parking gives customers another option beyond street parking without changing the Property’s own parking provision. Highway 80 is also in close proximity, connecting the downtown address to a wider travel route.

Offered at $1,575,000 with NOI of $120,573, DOWNTOWN ROSEVILLE is positioned for a buyer seeking an income-producing retail property rather than vacant space to lease. The fully leased, multi-tenant format makes the existing tenancy central to the investment, while the corner frontage and proximity to public parking support the location’s utility for its occupants. Review the Offering Memorandum and Marketing Brochure for the next step in examining the acquisition.