71 1St StPatterson, CA 95363

  • Manufacturing properties
  • 12,000 SF
For Sale

Property Details for 71 1St St

Year built
1958
Construction
TILT-UP CONCRETE
Lot size
0.57 AC
Property size (Sq ft)
12,000 SF
Property type
Manufacturing properties
APN
131-003-026-000
APU
131003026000

Description

This 14,000-square-foot warehouse, located at 71 South First Street in Patterson, California, presents a compelling investment opportunity. Built in 1958 and renovated in 2000, this single-story building sits on a 0.57-acre lot (APN 131-003-026-000) and is zoned for Heavy Industrial use. The property features two loading docks, ceiling heights ranging up to 24 feet, and 3-phase 600-amp electrical service. A fire suppression sprinkler system will be installed before closing. This prime location, conveniently situated off Highway 33, offers excellent accessibility and visibility. The property's designation as both an Opportunity Zone and a "Green Zone" allows for cannabis cultivation and processing, in addition to traditional light industrial, heavy manufacturing, and storage uses. The building's existing construction includes a newer roof. This versatile property offers significant potential for a variety of businesses. The sale is structured as a 1031 exchange.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,055,419
    Hospitality
    $3,714,742
    Educational
    $3,090,622
    Medical
    $3,196,913
    Retail
    $4,807,634
71 1St St, Patterson, California

Location Insight

City
Patterson
County
Stanislaus
State
California
Latitude
37.4711
Longitude
-121.127
CBSA code
33700
CBSA name
MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,324
$73,683
$30,177
$103,860
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