For Sale
$2,500,000

310 Mchenry AveModesto, CA 95354

High-return Modesto storefront, 10,096 SF

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Modesto, CA retail property presents a compelling value-add investment opportunity. Located at 310 McHenry Ave, this 10,096 square foot storefront sits on a 0.43-acre lot with approximately 148 feet of frontage on McHenry Avenue, near the Five Points Intersection and Downtown Modesto. The single-story, 1956-built Class C building is currently 100% occupied by four tenants under a gross lease structure. Note that there are no credit ratings available for the tenants. The property features a second-floor mezzanine providing additional space, ideal for storage. Recent improvements include the installation of two HVAC units for the central space and a parking lot resurfacing within the last three years. The property boasts 15 on-site parking spaces and is zoned C-2, offering potential for redevelopment. The asking price is $2,500,000, translating to $247.62 per square foot. This prime location and the potential for future development make this a rare opportunity for investors seeking significant returns. The property's APN is 111-005-071-000. This is a multi-tenant property with month-to-month or lease tenancies.

Highlights

  • $2,500,000 asking price for a 10,096 square foot retail storefront in Modesto, CA.
  • Value-add investment opportunity with potential for redevelopment.
  • 100% occupied, multi-tenant property (4 tenants) with gross leases.
  • Located on a 0.43-acre lot with 148 feet of frontage on McHenry Ave, near the Five Points Intersection and Downtown Modesto.
  • Features 15 on-site parking spaces and a second-floor mezzanine.
  • Property includes two recently installed HVAC units and a resurfaced parking lot.

Property Details for 310 Mchenry Ave

Property type
Retail properties, Retail space
Square Feet
10,096 SF
Class
C
Year Built
1956
Buildings
1
Stories
1
Lot Size (sq. ft)
18,731 SF
Units
4

Location Insight

City
Modesto
County
Stanislaus
State
California
Latitude
37.648729104287
Longitude
-120.99369770474
310 Mchenry Ave, Modesto, California

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310 Mchenry Ave
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