112 Orangeburg AveModesto, CA 95350

Property Details for 112 Orangeburg Ave

Year built

1961

Construction

TILT-UP CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

2,520 SF

Property type

Retail properties

Property subtype

Retail space

APN

119-018-002-000

APU

119018002000

Description

This exceptional multi-tenant retail property, located at 112 W Orangeburg Ave in Modesto, California, presents a compelling investment opportunity. The 8,520 square foot building sits on a 0.62-acre lot and boasts four units, currently occupied by a diverse mix of tenants. Built in 1953 and zoned P-D, the property enjoys a prominent corner location in a high-traffic area. The current tenants have a remaining lease term of four years, providing immediate and stable income. The building is exceptionally well-maintained, with recent upgrades including new HVAC units, eliminating any deferred maintenance concerns. The property's strong financial performance is reflected in its impressive Net Operating Income (NOI) of $86,900 and a 5.79% capitalization rate. The asking price is $1,500,000, translating to $176.06 per square foot. The seller is open to offering financing terms, making this an attractive opportunity for owner-users or investors seeking a stable, high-performing retail asset in a desirable Modesto location. The property's location in Stanislaus County, zip code 95350, offers excellent visibility and accessibility.

Location Insight

City

Modesto

County

Stanislaus

State

California

Latitude

37.6634

Longitude

-120.995

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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