814 Court Street

Overview

An investment opportunity in downtown Woodland. Located at 814 Court Street, this modern 10-bedroom Sober Living Environment (SLE), converted from a previous professional office space, is under a lease generating $199,560 in annual gross rent with 3.5% yearly increases. The property is in an Opportunity Zone and has 21 parking spots on a 0.48-acre lot in the downtown core. The tenant, Friends of the Mission dba Fourth and Hope, operates an SLE program. Landlord expenses are limited to property taxes, insurance and general maintenance, and the lease is secured through October 2027 and may extend beyond. Woodland is 20 miles from the State Capitol in Sacramento and is the county seat of Yolo County.

The property is in downtown Woodland, 20 miles from downtown Sacramento and 11 miles from Davis. Woodland is reached along Interstate 5 and Highway 113.

The building has 5,849+ net usable square feet on a one-half acre lot, bound by Court Street to the north and Dead Cat Alley to the south. It was built in 2000 and is leased to Friends of the Mission dba Fourth and Hope. The lease is planned to be renewed for another three years, through September 2027 (with possible extension). A copy of the lease will be provided to qualified buyers upon request.

The tenant was formally organized in 1985 under Yolo Wayfarer Center Christian Mission and now does business as Fourth and Hope, a non-profit organization. At this location it has worked with the City of Woodland to convert the commercial office space into an SLE program to temporarily house up to 30 individual males at any given time.

There are ten (10) bedrooms that each temporarily house two (2) to four (4) individuals. Other improvements include four (4) individual shower rooms, one of them ADA compliant, and four (4) restrooms, along with a common room, dining area, kitchen, laundry and two office spaces.

Location: Between Court Street and Dead Cat Alley, 150+ feet east of Third Street in Woodland, CA.

Property facts

Property type

Commercial sale, mixed use

Building

5,849+ net usable square feet, built 2000

Lot

21,083+ SF or 0.48+ acre

Parcel

Yolo County APN 005-222-016

Zoning

Downtown Core (DX-1), City of Woodland (mixed use)

Lease

Single tenant, Friends of the Mission dba Fourth and Hope, through October 2027 (with possible extension)

Annual gross rent

$199,560 with 3.5% annual increases

Parking

21 spaces

Highlights

Opportunity Zone, established tenant, low landlord expense, 10 bedrooms

Documents

A brochure, soils and water information and recorded documents are available to qualified buyers. Ask in the form and we will send them.

General location

Downtown Woodland (approximate). The circle shows the general area only, not the parcel or its boundaries.