2323 Main StTurlock, CA 95380

Property Details for 2323 Main St

Year built

1981

Construction

TILT-UP CONCRETE

Lot size

8.40 AC

Property size (Sq ft)

100,282 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

089-014-041-000

APU

89014041000

Description

This exceptional retail opportunity is located at 2323 W. Main Street in Turlock, California, 95380. The Turlock Cinema Plaza Shopping Center boasts a prime location adjacent to Highway 99 ramps, ensuring high visibility and accessibility. The property offers multiple spaces available within a 14,703 square foot strip center situated on an 8.4-acre lot. Units range from a minimum divisible size of 1,309 square feet to a maximum contiguous space of 5,263 square feet, providing flexibility for various retail concepts. The center is anchored by strong national tenants including Regal Cinemas Stadium 14, Tractor Supply, Starbucks, Sonic Drive-In, Subway, Perko’s Cafe & Grill, AM/PM, and Arco Gasoline. A diverse range of regional tenants further enhances the property's appeal, including Turlock Poker Room, The Rail Bar & Grill, Nite & Day Furniture, Happy Foot Massage, Flare Smoke Shop, Ricco’s Pizza, Golden Dragon Restaurant, and several personal care businesses. This established shopping center offers a proven track record and a strong tenant mix, making it an ideal investment for businesses seeking high foot traffic and a vibrant community atmosphere. The property is offered as a ground lease. Four spaces are currently available. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $43,524,648

  6.5%

  $40,176,596

  7%

  $37,306,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $70,483,528

  Geo Method

  $70,483,528

• Alternative Use

  Use

  Valuation

  Residential

  $33,890,464

  Hospitality

  $31,043,482

  Educational

  $25,827,812

  Medical

  $26,716,070

  Retail

  $40,176,596

Location Insight

City

Turlock

County

Stanislaus

State

California

Latitude

37.4939

Longitude

-120.875

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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