1343 Manning AveReedley, CA 93654

Property Details for 1343 Manning Ave

Year built

1988

Construction

WOOD

Lot size

1.18 AC

Property size (Sq ft)

13,206 SF

Zone code

CC

Property type

Retail space

APN

370-100-45

APU

37010045

Description

This exceptional 13,206 square foot shopping center in Reedley, CA, presents a compelling investment opportunity. Located on a highly trafficked, signalized corner, this nine-unit property boasts a strong tenant mix including a Subway, butcher shop, laundromat, donut shop, beauty salon, travel agent, and dentist, reflecting a thriving, service-oriented community. Currently operating at 78% occupancy, the property offers significant upside potential through leasing the remaining 2,925 square feet of vacant space and stabilizing the existing month-to-month tenant (1,540 sq ft) with a new lease. The property features ample parking and is easily accessible from both N Haney Ave and Manning Ave. Recent improvements include a new roof installed in 2021 and 2023, complete with a warranty. Built in 1988, this single-story building sits on a 51,401 square foot lot and is zoned CC. The asking price is $2,100,000, representing a price per square foot of $159.02. The current NOI is $91,993, with a pro-forma NOI of $167,008 and a pro-forma cap rate of 7.95%. This property offers a solid foundation for income generation and future growth. The property's location and tenant mix make it an attractive investment for those seeking a stable, high-growth retail opportunity in a desirable California market. The APN is 370-100-45.

• CAP approach

  CAP return

  Valuation

  6%

  $2,752,084

  6.5%

  $2,540,385

  7%

  $2,358,929

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,419,140

  Geo Method

  $9,281,879

• Alternative Use

  Use

  Valuation

  Residential

  $2,142,910

  Hospitality

  $1,962,894

  Educational

  $1,633,105

  Medical

  $1,689,270

  Retail

  $2,540,385

Location Insight

City

Reedley

County

Fresno

State

California

Latitude

36.6036

Longitude

-119.435

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].