1452 11Th StReedley, CA 93654

Property Details for 1452 11Th St

Year built

1998

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

3,260 SF

Zone code

CC

Property type

Retail space

APN

368-213-14

APU

36821314

Description

This ±3,260 square foot retail building, situated on a prominent corner lot in Reedley, California (93654), presents a unique investment opportunity. The property, located at 1452 11th St, features a well-designed layout ideal for a variety of commercial uses. Previously operating as a fully equipped salon, the first floor boasts an open floor plan with multiple sectioned areas, including space for eight hair stylist chairs, eight shampoo bowl sinks, eight hair dryer stations, and two pedicure stations. The second floor offers a spacious loft area with two rooms, a private restroom with a shower, and a large living area. The building sits on a 0.14-acre lot and is zoned CC. The main salon area comprises approximately 2,260 square feet, with an adjacent ±1,000 square foot suite currently occupied by a tenant. The property includes designated parking spaces and benefits from convenient access to street parking and a private parking lot. The asking price is $575,000, translating to $176.38 per square foot. This property offers significant potential for rental income, given the possibility of renting individual stylist stations at estimated rates of $400-$500 per month. The building's functional layout and prime location make it an attractive option for both owner-operators and investors seeking a strong return on investment. The Assessor's Parcel Number (APN) is 368-213-14.

• CAP approach

  CAP return

  Valuation

  6%

  $679,372

  6.5%

  $627,113

  7%

  $582,319

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,090,898

  Geo Method

  $2,291,302

• Alternative Use

  Use

  Valuation

  Residential

  $528,993

  Hospitality

  $484,555

  Educational

  $403,144

  Medical

  $417,009

  Retail

  $627,113

Location Insight

City

Reedley

County

Fresno

State

California

Latitude

36.5979

Longitude

-119.448

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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