475 S 5Th Street

Description

Located on the corner of busy Highway 198 (Polk Street) and 5th, this well-positioned commercial property offers prime visibility in a high-traffic location. Zoned C-5, the property features four fully occupied units, each with long-standing, established tenants a beauty salon in business for over 10 years, a water store with 10+ years of operation, a tax office serving clients for 6+ years, and a versatile office/storage space. A new roof was installed approximately two years ago, adding peace of mind and value to this income-producing investment.Beyond its excellent location and solid tenant history, this property carries a rich local legacy. It was built in the late 1950s by the current owner's father, who originally operated a laundromat here while renting out the remaining spaces. Family memories run deep mornings spent with a grandfather collecting coins from the machines, and even relocating the original on-site home to a nearby lot on Pleasant Street. The owner's father also proudly served as Mayor Pro Tem of Coalinga during that same era, leaving behind both a civic and personal mark on the community.This is a rare opportunity to own a piece of Coalinga history still held by the original family while enjoying steady rental income from long-term, established businesses.