840 Almond AveMadera, CA 93637

Property Details for 840 Almond Ave

Year built

1988

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

2,720 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

012-280-006-000

APU

12280006000

Description

This exceptional 2,720 square foot medical office building presents a unique investment opportunity in Madera, CA. Located at 840 E Almond Ave, 93637, this single-story, 1988-built property boasts a highly visible location near Freeway 99 and Madera Community Hospital. The building sits on a 6,098 square foot lot and is zoned PO. Previously utilized as a medical practice, the space features three doctors' offices and six exam rooms, each equipped with sinks, making it ideally suited for continued medical use or adaptable for other professional office needs. The building's prominent location ensures high traffic and visibility, offering significant potential for a thriving business. The asking price is $299,000. The property's APN is 012-280-006. This is a turnkey opportunity for an investor seeking a well-maintained, established property in a desirable location. The building's history as a successful medical practice provides a strong foundation for future success. The property's convenient access to major transportation routes and proximity to a major hospital further enhances its appeal. This is a rare chance to acquire a valuable asset in a growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $597,000

  6.5%

  $551,077

  7%

  $511,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $399,954

  Geo Method

  $758,635

• Alternative Use

  Use

  Valuation

  Residential

  $683,335

  Hospitality

  $625,931

  Educational

  $520,767

  Medical

  $538,677

  Retail

  $810,083

Location Insight

City

Madera

County

Madera

State

California

Latitude

36.9452

Longitude

-120.048

CBSA code

31460

CBSA name

MADERA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].