722 Lincoln AveClovis, CA 93612
- Healthcare properties
- 6,474 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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