3126 Elkhorn AveCaruthers, CA 93609

Property Details for 3126 Elkhorn Ave

Year built

1981

Construction

WOOD

Lot size

1.76 AC

Property size (Sq ft)

4,200 SF

Zone code

AC

Property type

Retail properties

Property subtype

Retail space

APN

041-290-12S

APU

04129012S

Description

This exceptional retail property, located at 3126 W Elkhorn Avenue in Caruthers, California, presents a unique investment opportunity. The property encompasses a substantial 4,200 square foot building situated on a generous 1.76-acre lot. Its strategic location offers convenient access to the major Highway 41, ensuring high visibility and accessibility for customers. The current use is a thriving gas station and convenience store, a turnkey operation included in the sale price of $750,000. This price encompasses both the real estate and the established business, providing immediate income potential. The expansive lot size presents significant development possibilities. The existing structure could be expanded to accommodate a larger operation, or alternatively, the property could be repurposed to suit a variety of commercial ventures. The possibilities are diverse and cater to a range of entrepreneurial visions. This is a rare chance to acquire a well-positioned property with substantial upside potential in a growing market. Serious inquiries only. Please do not disturb the occupants.

• CAP approach

  CAP return

  Valuation

  6%

  $875,265

  6.5%

  $807,937

  7%

  $750,227

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,405,451

  Geo Method

  $2,951,984

• Alternative Use

  Use

  Valuation

  Residential

  $681,525

  Hospitality

  $624,273

  Educational

  $519,388

  Medical

  $537,251

  Retail

  $807,937

Location Insight

City

Caruthers

County

Fresno

State

California

Latitude

36.4901

Longitude

-119.848

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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