310 Mchenry AveModesto, CA 95354

This exceptional Modesto, CA retail property presents a compelling value-add investment opportunity. Located at 310 McHenry Ave, this 10,096 square foot storefront sits on a 0.43-acre lot with approximately 148 feet of frontage on McHenry Avenue, near the Five Points Intersection and Downtown Modesto. The single-story, 1956-built Class C building is currently 100% occupied by four tenants under a gross lease structure. Note that there are no credit ratings available for the tenants. The property features a second-floor mezzanine providing additional space, ideal for storage. Recent improvements include the installation of two HVAC units for the central space and a parking lot resurfacing within the last three years. The property boasts 15 on-site parking spaces and is zoned C-2, offering potential for redevelopment. The asking price is $2,500,000, translating to $247.62 per square foot. This prime location and the potential for future development make this a rare opportunity for investors seeking significant returns. The property's APN is 111-005-071-000. This is a multi-tenant property with month-to-month or lease tenancies.