722 Lincoln AveClovis, CA 93612

  • Healthcare properties
  • 6,474 SF
For Sale
$975,000 View listing

Property Details for 722 Lincoln Ave

Year built
1960
Construction
TILT-UP CONCRETE
Lot size
0.18 AC
Property size (Sq ft)
6,474 SF
Zone code
CM
Property type
Healthcare properties
Property subtype
Medical offices
APN
498-102-22
APU
49810222

Description

This exceptional 6,474 square foot commercial property, situated on a 0.18-acre lot at 722 Lincoln Avenue in Clovis, California, presents a compelling investment opportunity. Currently operating as a veterinary clinic, the building is zoned for Medical Building/Clinic use, offering significant flexibility for a variety of healthcare applications. The property boasts a thoughtfully designed layout, including two separate lobby and reception areas, a well-equipped kitchen, and a convenient bathroom. Eight generously sized multi-purpose rooms provide ample space for examination areas, offices, or treatment rooms. A dedicated cleaning room ensures hygiene and efficiency, while abundant storage space caters to the needs of a busy medical practice. The expansive open area, currently utilized as kennels, offers significant potential for repurposing into additional treatment areas, physical therapy spaces, or expanded office accommodations. A key advantage is the property's connection to an adjacent building, also available for purchase, presenting a unique opportunity for expansion or the creation of a larger, integrated medical complex. This property in Clovis offers a blend of functionality, location, and adaptability, making it an ideal investment for those seeking a thriving medical practice or a strategic addition to an existing healthcare portfolio. The asking price is $975,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,420,947
    6.5%
    $1,311,644
    7%
    $1,217,955
  • Comparable approach

    Method
    Valuation
    Relative Method
    $951,948
    Geo Method
    $1,805,663
  • Alternative Use

    Use
    Valuation
    Residential
    $1,626,438
    Hospitality
    $1,489,808
    Educational
    $1,239,503
    Medical
    $1,282,132
    Retail
    $1,928,116
722 Lincoln Ave, Clovis, California

Location Insight

City
Clovis
County
Fresno
State
California
Latitude
36.8165
Longitude
-119.7
CBSA code
23420
CBSA name
FRESNO, 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
2023
$7,490
$44,974
$579,886
$624,860
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