581 Minaret AveTurlock, CA 95380

Property Details for 581 Minaret Ave

Year built

1930

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

3,117 SF

Zone code

CO

Property type

Office properties

Property subtype

Other office properties

APN

061-031-037-000

APU

61031037000

Description

This exceptional mixed-use property at 581 N Minaret Avenue, Turlock, CA, presents a unique investment opportunity. Boasting 4,000 square feet on a 0.19-acre lot, this versatile property is zoned office-residential, offering significant flexibility. The building potentially houses four, or possibly six, individual units, ideal for rental income. Alternatively, the space could be configured as a professional office with adjacent living quarters, providing a convenient and attractive work-life balance. Each unit is described as charming and functional, reflecting the character of the downtown area. The property's prime downtown location offers unparalleled access to Main Street's vibrant amenities, including a variety of restaurants, the farmer's market, the local library, and boutique shopping. Adding to its appeal is a back studio featuring a one-car garage, accessible from a convenient side alley. This property represents a rare combination of income potential, prime location, and versatile space, making it an exceptional investment in the heart of Turlock's thriving downtown. The asking price is $949,000.

• CAP approach

  CAP return

  Valuation

  6%

  $920,305

  6.5%

  $849,512

  7%

  $788,833

• Comparable approach

  Method

  Valuation

  Relative Method

  $869,362

  Geo Method

  $869,362

• Alternative Use

  Use

  Valuation

  Residential

  $1,053,395

  Hospitality

  $964,904

  Educational

  $802,789

  Medical

  $830,398

  Retail

  $1,248,783

Location Insight

City

Turlock

County

Stanislaus

State

California

Latitude

37.498

Longitude

-120.84

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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