1225 Academy AveSanger, CA 93657

  • Retail space
  • 2,660 SF
For Sale
$485,000 View listing

Property Details for 1225 Academy Ave

Year built
1955
Construction
WOOD
Lot size
0.30 AC
Property size (Sq ft)
2,660 SF
Zone code
C4
Property type
Retail space
APN
322-062-20
APU
32206220

Description

This exceptional investment opportunity presents a newly reconstructed four-unit commercial strip center located at 1225 Academy Avenue in Sanger, California. The property boasts a total of 3,060 square feet situated on a sizable 0.3-acre lot, offering ample parking and high visibility due to its prime Academy Avenue location. The entire center has undergone a complete renovation, including a comprehensive overhaul of the electrical and plumbing systems. New commercial-grade windows and doors, upgraded lighting, and modern heating and cooling systems have been installed. Bathrooms have been fully renovated, and the building features improved insulation and refreshed stucco. Each of the four units benefits from individual meters for electric, gas, and water services, simplifying tenant management and utility billing. The oversized lot presents the possibility of future expansion, with the potential to add additional units. A small house located at the rear of the property offers additional rental income potential. Currently vacant, this property allows the new owner the flexibility to select tenants and lease terms to maximize profitability. Projected monthly rental income exceeds $4,000. This is a turnkey opportunity for an investor seeking a high-return, well-located commercial property in a growing market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $554,335
    6.5%
    $511,693
    7%
    $475,144
  • Comparable approach

    Method
    Valuation
    Relative Method
    $890,119
    Geo Method
    $1,869,590
  • Alternative Use

    Use
    Valuation
    Residential
    $431,633
    Hospitality
    $395,373
    Educational
    $328,946
    Medical
    $340,259
    Retail
    $511,693

Location Insight

City
Sanger
County
Fresno
State
California
Latitude
36.6983
Longitude
-119.554
CBSA code
23420
CBSA name
FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,975
$98,508
$60,410
$158,918
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