For Sale
$1,300,000

1550 Mchenry AveModesto, CA 95350

Modesto, CA investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Modesto, CA property, located at 1550 McHenry Ave, 95350, presents a unique investment opportunity. The L-shaped lot encompasses two separate buildings on a single parcel, offering diverse income streams. The property includes a thriving canine detection business (available for separate purchase at $600,000), a long-standing Mexican restaurant (approximately 1200 sq ft), and a well-established pet boarding and grooming business (approximately 2000 sq ft). All tenants have been in place for decades, demonstrating strong business stability and longevity. The property is uniquely positioned as the only location grandfathered within Modesto city limits for pet boarding, providing a significant competitive advantage. The current owner leases space to their own business for $5700 per month (plus utilities and maintenance, expiring 8/31/2026), the restaurant for $2300 per month (plus utilities and maintenance, expiring 8/31/2026), and the pet boarding business for $3150 per month (plus utilities and maintenance, expiring 8/31/2026). The property's location in a growing Modesto neighborhood, near shops and hospitals, ensures continued high demand and potential for future appreciation. The asking price for the real estate is $1,300,000. The sale of the real estate and the business are separate transactions. Serious inquiries only. Confidentiality is required.

Highlights

  • Exceptional investment opportunity in Modesto, CA at 1550 McHenry Ave, 95350.
  • L-shaped lot with two buildings offering diverse income streams.
  • Includes a canine detection business (separate purchase, $600,000), a Mexican restaurant (1200 sq ft), and a pet boarding/grooming business (2000 sq ft).
  • Long-term tenants with stable income: $5700/month (owner), $2300/month (restaurant), $3150/month (pet boarding); all leases expire 8/31/2026.
  • Uniquely positioned as the only grandfathered pet boarding facility in Modesto.
  • Asking price: $1,300,000 (real estate only; business sales separate).

Property Details for 1550 Mchenry Ave

Property type
Retail properties, Restaurants

Location Insight

City
Modesto
County
Stanislaus
State
California
Latitude
37.666856
Longitude
-120.9935694
1550 Mchenry Ave, Modesto, California

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1550 Mchenry Ave
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