580 Derrick AveMendota, CA 93640

Property Details for 580 Derrick Ave

Year built

1979

Construction

TYPE NOT SPECIFIED

Lot size

2.85 AC

Property size (Sq ft)

28,000 SF

Zone code

C3

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

012-190-33

APU

1219033

Description

This exceptional commercial land opportunity presents a rare chance to establish a thriving business in a high-traffic area of Mendota, CA. The property, zoned C-2, offers a flexible buildable area ranging from 20,000 to 30,000 square feet, ideal for a variety of retail or restaurant concepts. Its strategic location within an established shopping center's parking lot on Highway 33 ensures exceptional visibility and accessibility. The site benefits from a drive-thru pad, perfect for quick-service restaurants or businesses requiring convenient customer access. This ground lease opportunity provides a cost-effective entry point into a vibrant market. The property boasts a strong tenant mix, including established businesses such as Star Super Market, Save a Dollar Superstore, Mendota Food Center, Burger King, Auto Zone, Dollar Tree, Mendota Donuts, and McDonald's, creating a synergistic environment and attracting a substantial customer base. This is a single-tenant property in Fresno County, offering a unique chance to capitalize on the high foot traffic and strong commercial presence in this thriving community. The C-2 zoning allows for a wide range of commercial uses, providing flexibility for potential buyers or lessees. Don't miss this opportunity to secure a prime location in a bustling retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $9,034,011

  6.5%

  $8,339,087

  7%

  $7,743,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,375,265

  Geo Method

  $19,679,890

• Alternative Use

  Use

  Valuation

  Residential

  $7,034,332

  Hospitality

  $6,443,410

  Educational

  $5,360,842

  Medical

  $5,545,209

  Retail

  $8,339,087

Location Insight

City

Mendota

County

Fresno

State

California

Latitude

36.7518

Longitude

-120.388

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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