450 3Rd StCoalinga, CA 93210

Property Details for 450 3Rd St

Year built

1964

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

2,160 SF

Zone code

CP

Property type

Healthcare properties

Property subtype

Medical offices

APN

072-115-07S

APU

07211507S

Description

This ±2,160 square foot, fully remodeled building in Coalinga, CA, presents a unique investment opportunity. Previously a medical office, it's ideally suited for continued office use or conversion into a residential care facility. The property boasts a convenient location, situated on a 0.15-acre lot with ample on-site and street parking, and is easily accessible from CA-198 and CA-33 freeway on/off ramps. The recent remodel includes new HVAC systems, updated energy-efficient features, fresh interior and exterior paint, and ADA-compliant restrooms. The interior features seven private offices, a kitchen/breakroom, a reception/waiting area, storage, and restrooms. The building benefits from a strong daytime population base of approximately 16,955 within a 5-mile radius. Existing plumbing is in place, making it move-in ready and offering economical operating costs. The property's well-known freestanding design, combined with its excellent presence and surrounding quality tenants, makes it an attractive investment. The mixed-use zoning (MU) allows for flexibility in its future use. The asking price is $325,000, representing a price per square foot of $150.46. Built in 1964, this Class B property offers a blend of established infrastructure and modern upgrades, making it a compelling option for a variety of uses. The property's address is 450 N 3rd St, Coalinga, CA 93210, and its APN is 072-115-07S. The building is separately metered for utilities.

• CAP approach

  CAP return

  Valuation

  6%

  $306,215

  6.5%

  $282,660

  7%

  $262,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $286,827

  Geo Method

  $602,446

• Alternative Use

  Use

  Valuation

  Residential

  $350,499

  Hospitality

  $321,055

  Educational

  $267,114

  Medical

  $276,300

  Retail

  $415,510

Location Insight

City

Coalinga

County

Fresno

State

California

Latitude

36.1437

Longitude

-120.361

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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