14144 Market Street, Walnut Grove, CA 95690, Walnut Grove, 95690 - bed, bath

14144 Market Street, Walnut Grove, CA 95690 home-pic-0
ACTIVE$750,000
14144 Market Street, Walnut Grove, CA 95690
0Bed
0Bath
6,032Sqft
6,181Lot
Year Built
1944
Close
-
List price
$750K
Original List price
-
Price/Sqft
$124
HOA
$0
Days on market
-
Sold On
-
MLS number
225132642
Home ConditionPoor
Features
Good View:
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $750.0K(67th), sqft - 6032(83th), beds - undefined(33th), baths - undefined(33th).

Presenting a unique opportunity to acquire a fully-leased, value-add retail property located on River Rd, offering a blend of stable income, flexible zoning, and future development potential. The property spans 6,032 SF across two stories and features multiple storefront units, each with individual electric meters serviced by SMUD. Zoned SPA (Special Planning Area), the site allows for a wide range of usesincluding potential residential conversionsubject to city planning and permitting. This versatile asset includes 3,000 SF of warehouse space with dual 15' x 8' roll-up doors and an enclosed, fenced patio area, ideal for outdoor use or additional storage. Ample natural light, tenant-controlled HVAC, and air conditioning throughout make this property an attractive choice for a variety of users. Whether you're an investor seeking stable cash flow or an owner/user exploring redevelopment or repositioning, this property checks all the boxes.This fully leased, 6,032 SF multi-tenant retail storefront offers a rare value-add opportunity with residential potential under SPA zoning (subject to approval), featuring 3,000 SF of warehouse space with two 15'x8' roll-up doors, individually metered units (SMUD), tenant-controlled HVAC and AC, a fenced patio, and excellent visibility.

Price History

Date
Event
Price
10/13/25
Price Change
$750,000
05/18/21
Sold
$517,500
05/31/18
Sold
$375,000
02/28/05
Sold
$575,000
Condition Rating
Poor

This property, built in 1944, is an 80-year-old commercial retail building, not a residential home. The listing explicitly states its 'Advanced Age of Building' and the need for 'substantial capital expenditures for ongoing maintenance, system upgrades, or to comply with current building standards.' There are no interior images, particularly of residential kitchens or bathrooms, which are critical for a residential condition assessment. The absence of these photos, combined with the building's age and commercial nature, strongly suggests that any potential residential spaces, if they exist or were to be created, would require substantial repairs, rehabilitation, and extensive renovations to meet modern living standards and safety requirements. While functional as a commercial space, its condition for residential use is poor.
Pros & Cons

Pros

Fully Leased & Income Generating: The property is fully leased, providing immediate stable income and cash flow, making it an attractive investment opportunity with value-add potential.
Flexible Zoning & Redevelopment Potential: Zoned SPA (Special Planning Area), the property offers broad usage flexibility, including potential residential conversion, which provides significant long-term value-add and redevelopment opportunities.
Diverse & Functional Commercial Space: Featuring multiple storefront units, 3,000 SF of warehouse space with dual 15'x8' roll-up doors, and a fenced patio, the property offers versatile layouts suitable for a variety of commercial tenants.
Individual Utility Management: Each unit is individually metered for electricity (SMUD) and features tenant-controlled HVAC and AC, simplifying property management and reducing landlord utility expenses.
Prominent Retail Location: Situated on River Rd with excellent visibility, the property benefits from a strategic location crucial for attracting customers and tenants for retail operations.

Cons

Advanced Age of Building: Built in 1944, the 80-year-old structure may necessitate substantial capital expenditures for ongoing maintenance, system upgrades, or to comply with current building standards.
Permitting Uncertainty for Redevelopment: While offering redevelopment potential, any significant changes, particularly residential conversion, are 'subject to city planning and permitting,' introducing potential delays, costs, and uncertainty in project execution.
Limited Market Depth: Located in Walnut Grove, a smaller market, the property's long-term appreciation and tenant demand might be more constrained compared to properties in larger, more dynamic metropolitan areas.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state