514 2nd St, Patterson, CA 95363-2102
- Retail space
- 1,097 SF
- 0.48 lot acres
Current Use by Public Records
- Retail space
Property Details for 514 2nd St
- Year built
- 1995
- Construction
- WOOD
- Lot size
- 0.48 lot acres
- Zone code
- PC
- Property type
- Retail space
- APN
- 131-011-027-000
- APU
- 131011027000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 16, 2020 | $630,000 | Nardeep Sandhu | Sarjiwan Singh | Grant Deed | $430k · Sarjiwan Singh |
| Jun 29, 2018 | $59,000 | Jose A Guardado | Campbell,betsy L | Grant Deed | — |
| May 15, 2008 | — | Sarjiwan Singh | Singh,sarjiwan | Quit Claim Deed · related | — |
| Mar 8, 2006 | $460,000 | Sarjiwan Singh | Campbell L F & B L Trust | Grant Deed | $260k · Campbell Lauren F & B L Trust |
| Aug 2, 2005 | — | Campbell Lauren F & B L Trust | Campbell,lauren F & Betsy L | Quit Claim Deed · related | — |
| Apr 7, 1998 | $159,000 | Lauren F Campbell | Bank Of Oakland | Grant Deed | — |
| Jan 12, 1998 | $154,000 | Bank Of Oakland | Ratliff,deryl & Vivian | Trustees Deed · related | — |
| Aug 29, 1997 | $263,000 | Bank Of Oakland | Ratliff,deryl & Vivian | Trustees Deed · related | — |
| Apr 6, 1994 | $125,000 | Deryl Ratliff | Cirne,evelyn S | Grant Deed | $336k · Bank Of Oakland |
| — | — | Evelyn Cirne | — | Deed Of Trust · related | $25k · Beneficial California INC |
Description
This exceptional 0.48-acre commercial lot, located at 514 N 2nd Street in Patterson, CA, presents a unique investment opportunity. The property boasts 20,751 square feet of land with Highway 33 frontage, ensuring high visibility and significant daily traffic. According to CalTrans data, the Average Daily Traffic Count is 6,900 vehicles. The existing 1,304 square foot building suffered a recent fire and requires significant attention or demolition. This presents a blank canvas for a new development, tailored to the needs of a wide range of businesses. The property's location within an Opportunity Zone offers substantial tax advantages and incentive programs for investors. The surrounding area is experiencing rapid growth, with a planned annexation adding over 5,000 new homes, creating a strong potential customer base. The general commercial zoning allows for diverse uses, including restaurants and professional offices. This prime location near medical offices and the downtown area guarantees high foot traffic and visibility, making it an ideal site for businesses seeking to thrive in a dynamic and expanding market. The combination of high traffic, Opportunity Zone status, and Patterson's growth trajectory makes this a truly exceptional investment opportunity.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $675,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $425,000
- 6.5%
- $395,000
- 7%
- $365,000
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $410,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Patterson
- County
- Stanislaus
- State
- California
- Longitude
- -121.134
- Latitude
- 37.4782
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA
