3824 Mchenry AveModesto, CA 95356

Property Details for 3824 Mchenry Ave

Year built

1978

Construction

WOOD

Lot size

1.71 AC

Property size (Sq ft)

1,012 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

052-060-010-000

APU

52060010000

Description

This 1.71-acre commercial land parcel in Modesto, California (APN 052-060-010) is zoned for Highway Commercial use and presents a unique investment opportunity. Situated along McHenry Avenue, Modesto's major retail corridor, this Walmart outparcel benefits from exceptional visibility and high traffic counts. The property is currently improved with an existing car lot, offering potential for redevelopment or continued use as such. The location boasts strong co-tenancy with established businesses including Walmart, Cricket Wireless, Round Table Pizza, UPS Store, Perko's Café, and several other local businesses. Furthermore, its position within Modesto's "Auto Row" places it within one mile of eighteen major car dealerships, creating a synergistic environment for automotive-related businesses. This prime location offers significant potential for retail development or continued use as a thriving car lot, capitalizing on the high traffic volume and established commercial presence. The property's Highway Commercial zoning allows for a wide range of uses, making it an attractive option for various business ventures. This is a rare opportunity to acquire a highly visible and strategically located property in a thriving Modesto market.

• CAP approach

  CAP return

  Valuation

  6%

  $250,263

  6.5%

  $231,012

  7%

  $214,512

• Comparable approach

  Method

  Valuation

  Relative Method

  $364,123

  Geo Method

  $364,123

• Alternative Use

  Use

  Valuation

  Residential

  $194,868

  Hospitality

  $178,498

  Educational

  $148,508

  Medical

  $153,615

  Retail

  $231,012

Location Insight

City

Modesto

County

Stanislaus

State

California

Latitude

37.6942

Longitude

-120.994

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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