1700 Mchenry AveModesto, CA 95350

Property Details for 1700 Mchenry Ave

Year built

1960

Construction

TILT-UP CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

7,500 SF

Property type

Retail properties

Property subtype

Banks

APN

120-033-003-000

APU

120033003000

Description

This exceptional 4,500 square foot retail space at McHenry Village Shopping Center presents a rare opportunity. Located on a coveted corner lot, this single-suite property boasts unparalleled visibility thanks to its glass-surround storefront and excellent curb appeal. The building is a single-story structure with easy access for customers via two convenient entrances, maximizing exposure and foot traffic. The interior features a beautifully designed showroom, a dedicated office area, ample storage space in a large storeroom, and two bathrooms. Recent renovations include refinished walls and a fresh coat of paint throughout, ensuring a move-in ready condition. This space has been occupied by the same tenant for over 30 years, making this a truly unique and highly sought-after retail location. The property is situated near Briggsmore Ave, offering convenient access and high traffic volume. This is an ideal space for a business seeking a prominent location with significant visibility and a well-maintained interior. The property's size and layout offer flexibility for a variety of retail uses. Don't miss this chance to secure a prime retail location in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,962,348

  6.5%

  $2,734,475

  7%

  $2,539,156

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,758,283

  Geo Method

  $4,758,283

• Alternative Use

  Use

  Valuation

  Residential

  $2,306,632

  Hospitality

  $2,112,862

  Educational

  $1,757,877

  Medical

  $1,818,333

  Retail

  $2,734,475

Location Insight

City

Modesto

County

Stanislaus

State

California

Latitude

37.6694

Longitude

-120.992

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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