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0 Airport Dr Madera, CA 93637

OFF-MARKET Land Google Maps
1.14 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 1.14-acre commercial land parcel, located at the corner of Avenue 17 and Airport Drive in Madera, California (zip code 93637, APN 013-012-022), presents a unique investment opportunity. The property is zoned C2 and boasts a fully approved Condition Use Permit (CUP) for the development of a gas station, convenience store, and fast-food establishment. A comprehensive site plan has also received approval, streamlining the development process. The sale of tobacco and alcohol is permitted under the existing approvals. This rare corner lot offers excellent visibility and accessibility, making it an ideal location for a high-traffic commercial venture. The asking price is $1,700,000. While the current lease expires on February 19, 2025, the approved CUP and site plan provide a clear path for immediate development and long-term profitability. This property represents a significant opportunity for investors seeking a turnkey project in a thriving Madera County market. Don't miss this chance to acquire a prime commercial site with all necessary approvals in place.

Property profile

Verified
Property type Land
Lot 1.14 ac (49,658 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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