35674 Highway 41Coarsegold, CA 93614

Property Details for 35674 Highway 41

Year built

1979

Lot size

2.60 AC

Property size (Sq ft)

1,500 SF

Zone code

RRM

Property type

Commercial real estate

APN

054-070-017-000

APU

54070017000

Description

This exceptional 1,500 square foot commercial property, situated on a generous 2.6-acre lot at 35674 Highway 41 in Coarsegold, California, presents a unique investment opportunity. Boasting prime Highway 41 frontage and Mixed Use (CRM) zoning, this property offers unparalleled versatility. The existing building features a desirable open floor plan, a private office, a bathroom, and a kitchen area, all enhanced by attractive vaulted ceilings and a loft space. Ample parking is provided with 16 existing spaces, and the expansive lot allows for significant expansion potential. The property's location in the heart of historic Coarsegold ensures high visibility and accessibility. The zoning permits a blend of commercial and residential uses, allowing for the creation of a business with a convenient residential component on the same property. This presents a rare chance to establish a thriving enterprise while enjoying the convenience of on-site living. The clean and simple lot, combined with the existing building, provides a solid foundation for an entrepreneur's vision, offering endless possibilities for development and growth. This is a truly remarkable opportunity to own a versatile and strategically located commercial property in a desirable California setting.

• CAP approach

  CAP return

  Valuation

  6%

  $373,125

  6.5%

  $344,423

  7%

  $319,821

• Comparable approach

  Method

  Valuation

  Relative Method

  $220,563

  Geo Method

  $214,170

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $655,269

  Retail / Commercial

  $340,486

  Mixed-Use / Specialty

  $342,793

  Hospitality / Lodging

  $256,079

  Office

  $344,423

  Institutional / Educational

  $357,624

  Residential Income

  $418,421

  Multifamily

  $482,315

  Automotive / Energy

  $306,535

  Parking / Income-Based Land

  $102,303

  Restaurant / Food Service

  $185,802

  Healthcare / Senior Housing

  $347,917

Location Insight

City

Coarsegold

County

Madera

State

California

Latitude

37.2652

Longitude

-119.681

CBSA code

31460

CBSA name

MADERA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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