Prospectors Plaza

500-546, Auburn Ravine Rd, Auburn, CA, 95603

Key Details

Status
Sold
Selling Price
$2,930,000
Price Per Square Foot
$149.87
Land Size
2.3 AC

Overview

Prospector’s Plaza consists of a 19,550 square foot neighborhood retail strip center located in Auburn, CA. The property is made up of thirteen small shop spaces with average rents of less than $.89 per square foot which is significantly below the market average for rents in the Auburn Sub-market.

The property is located directly off of interstate 80 and highway 49 in a high traffic commercial corridor which serves the broader Auburn community.

Property Highlights:

  • Fully stabilized neighborhood strip center
  • 100% Leased
  • Small shop spaces with significant upside in rents
  • Long term Tenant base
  • Auburn is a strong sub-market with good consumer spending

Prospectors Plaza – 500-546 Auburn Ravine Rd

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