481 Pollasky Ave Clovis, CA 93612
- Retail properties
- 5,125 SF
- 0.12 lot acres
Current Use by Public Records
- Retail properties
Property Details for 481 Pollasky Ave
- Year built
- 1940
- Lot size
- 0.12 lot acres
- Property size
- 5,125 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fully leased, multi-tenant retail building situated on a prominent corner lot in Old Town Clovis, California. The 5,125 square foot building, constructed in 1940 and zoned C3-Commercial, sits on a 0.12-acre lot (APN: 492-205-83 & -84) at 481 Pollasky Ave, Clovis, CA 93612. The property boasts three retail units, currently occupied by two long-term tenants, including a bridal shop that has been at this location for 14 years. Recent tenant improvements in two suites include new flooring, upgraded restrooms, crown molding, energy-efficient LED lighting, fresh paint, and updated HVAC systems (two 5-year-old units). The building features separate HVAC and utility meters for each unit, simplifying management and offering flexibility. Ample parking and mature landscaping enhance the property's curb appeal. The property benefits from excellent visibility and accessibility, with easy access to Highway 168. Current gross annual rents total $94,416.00, representing a 6.25% cap rate, with potential for increased income through lease renewals and rent adjustments to market rates, potentially reaching $109,200 annually (a 15.67% increase). This well-maintained property offers a strong cash flow and significant upside potential, making it an ideal investment for those seeking a stable, low-maintenance income stream in a desirable location. The property's prime location and strong tenant occupancy make it an excellent SBA loan candidate.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clovis
- County
- Fresno
- State
- California
- Longitude
- -119.702
- Latitude
- 36.8241
