3639 Franklin Blvd

Turton Commercial Real Estate is proud to offer the opportunity to acquire fee simple interest in 3639 Franklin Blvd, consisting of a 7,173 SF parcel with a well-maintained 2,780 SF standalone building. At just $274 per SF, this site represents a unique value proposition for an owner-user or retail investor, as these “bite-sized” properties become increasingly rare within Curtis Park and other established central city neighborhoods. The $763,000 sale price represents an approximate 9% cap rate on a hybrid of existing and pro-forma modified gross rents, less potential improvements. The remaining 1,260 SF suite is currently vacant with full hair salon infrastructure in place and ready for immediate owner-user or NNN tenant occupancy.

The Property may also be purchased as a future infill development site, with the recently adopted 2040 General Plan allowing for a minimum of 15 Residential Dwelling Units Per Net Acre and a Maximum Floor Area Ratio of 4.0, by right.