722 Lincoln AveClovis, CA 93612

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

Medical offices

Property subtype

Medical centers

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.

• 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

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