528 Mchenry AveModesto, CA 95354
- Retail properties
- 3,920 SF
Property Details for 528 Mchenry Ave
- Year built
- 1971
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.25 AC
- Property size (Sq ft)
- 3,920 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 111-001-079-000
- APU
- 111001079000
Description
This exceptional retail property, located at 528 McHenry Avenue in the heart of Modesto, California, offers a fantastic opportunity for business owners and investors. The building boasts a generous 3,920 square feet of space situated on a 0.25-acre lot. Currently operating as a successful healthcare clothing store for many years, the property presents a turnkey solution for a similar business. The asking price of $1,200,000 is for the real property only. However, the current owner is open to selling the established business as well for an additional $300,000 (plus inventory). This presents a unique opportunity to acquire both a profitable business and a prime retail location simultaneously. The building's central Modesto location ensures high visibility and accessibility, making it an ideal spot for a variety of retail ventures. Should a buyer wish to utilize the property for a different purpose, the current owner is willing to vacate the premises upon closing. This flexibility allows for a wide range of potential uses, making this a truly versatile and attractive investment. The property's size and location make it a rare find in the Modesto market. Don't miss this chance to own a piece of Modesto's thriving retail landscape.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,701,368
- 6.5%
- $1,570,494
- 7%
- $1,458,316
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,755,184
- Geo Method
- $2,755,184
-
Alternative Use
- Use
- Valuation
- Residential
- $1,324,770
- Hospitality
- $1,213,482
- Educational
- $1,009,603
- Medical
- $1,044,325
- Retail
- $1,570,494
Location Insight
- City
- Modesto
- County
- Stanislaus
- State
- California
- Latitude
- 37.652
- Longitude
- -120.993
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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