1187 Willow AveClovis, CA 93611

Property Details for 1187 Willow Ave

Year built

2002

Construction

WOOD

Lot size

1.68 AC

Property size (Sq ft)

17,640 SF

Zone code

PCC

Property type

Retail properties

Property subtype

Retail space

APN

561-020-36S

APU

56102036S

Description

This exceptional business opportunity presents a fully operational Chinese restaurant in a high-traffic area of North Clovis, California. Located within a bustling commercial plaza, this street-facing establishment enjoys excellent visibility and benefits from the proximity of a major supermarket and a McDonald's, ensuring consistent foot traffic. The restaurant boasts a substantial 2,160 square foot space situated on a 1.68-acre lot, providing ample room for operations and potential expansion. The current owner has cultivated a loyal customer base, resulting in strong monthly sales averaging approximately $50,000. This turnkey operation is ready for immediate ownership and continued success. The lease agreement is in place for approximately five years remaining, with a monthly cost of roughly $4,400 plus NNN charges. Financial records are available upon request to qualified buyers. This is a rare chance to acquire a profitable, established business in a desirable location with significant growth potential. Serious inquiries only. The property is located at 1187 N Willow Avenue N, Clovis, CA. The asking price for this thriving business is $100,000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,691,427

  6.5%

  $5,253,625

  7%

  $4,878,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,536,417

  Geo Method

  $12,398,330

• Alternative Use

  Use

  Valuation

  Residential

  $4,431,629

  Hospitality

  $4,059,348

  Educational

  $3,377,330

  Medical

  $3,493,482

  Retail

  $5,253,625

Location Insight

City

Clovis

County

Fresno

State

California

Latitude

36.8517

Longitude

-119.728

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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