2000 Mchenry AveModesto, CA 95350

Property Details for 2000 Mchenry Ave

Year built

1966

Construction

STEEL FRAME

Lot size

0.42 AC

Property size (Sq ft)

1,787 SF

Property type

Auto shops

APN

120-046-051-000

APU

120046051000

Description

This exceptional 1,787 square foot retail pad site, located at 2000 McHenry Avenue in Modesto, California (95350), presents a compelling redevelopment opportunity. Situated on a 0.4-acre lot (APN 120-46-51) at the signalized hard corner of McHenry and Tokay Avenues, just north of Briggsmore, this property benefits from excellent visibility and accessibility. The site is currently vacant, with a prior tenant, Modesto Auto, having a lease expiring November 2, 2023. The property features four points of ingress/egress and reciprocal access with an adjacent shopping center. This prime location boasts strong surrounding retail, including Safeway, Sprouts, Burlington, CVS, Rite Aid, McDonald's, and numerous other businesses. The property is zoned for commercial use and offers a unique chance to capitalize on a high-traffic retail corridor. The single-story, 1972-built structure presents a blank canvas for a new development, while the existing short-term lease allows for potential income generation during the planning and permitting phases. This fee simple ownership opportunity is ideal for investors seeking a high-impact redevelopment project in a thriving Modesto retail area. The property's location and existing infrastructure provide a solid foundation for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $570,815

  6.5%

  $526,906

  7%

  $489,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $888,682

  Geo Method

  $888,682

• Alternative Use

  Use

  Valuation

  Residential

  $444,465

  Hospitality

  $407,127

  Educational

  $338,725

  Medical

  $350,374

  Retail

  $526,906

Location Insight

City

Modesto

County

Stanislaus

State

California

Latitude

37.673

Longitude

-120.994

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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