Property profile

0 Hammett Rd Modesto, CA 95368

OFF-MARKET
Land
7 ac lot
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Property summary

AI-generated overview

This exceptional 7.45-acre commercial land parcel, located in Salida, California, presents a remarkable investment opportunity. Situated off Highway 99 at Hammett Road, the property boasts exceptional visibility and convenient access. The land is zoned C-2, allowing for a diverse range of commercial uses. The seller is actively pursuing full entitlements for a development plan encompassing a gas station, a small retail strip or quick-service restaurant (QSR), and approximately 65,000 square feet of self-storage units. The property includes existing utilities and some improvements. The total acreage is approximately 7.45 net acres, comprised of three parcels (APN: 003-14-07, 003-14-08, 003-14-09). The land value is estimated at $15 to $18 per square foot. This prime location, coupled with the proposed development plan, makes this a highly attractive investment for developers seeking a high-traffic, high-visibility site in a growing market. The property's proximity to Highway 99 ensures significant exposure and accessibility for potential businesses. The zip code is 95368.

Property profile

Verified
Property type Land
Lot 7 ac (304,920 SF)

Cap rate & NOI

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

Location

Hammett Rd Modesto, CA 95368
Modesto metro
Google Maps

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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