224 Park AveManteca, CA 95337
- Mixed-use properties
- 2,300 SF
For Sale
$1,700,000
View listing
Property Details for 224 Park Ave
- Year built
- 1948
- Lot size
- 0.24 AC
- Property size (Sq ft)
- 2,300 SF
- Zone code
- 14
- Property type
- Mixed-use properties
- Property subtype
- Retail residential properties
- APN
- 219-381-060-000
- APU
- 219381060000
Description
This exceptional mixed-use property in prime Manteca, CA, presents a lucrative investment opportunity. The offering encompasses a thriving liquor store generating a robust $50,000 monthly gross revenue, showcasing significant growth potential. Adding to the investment's strength are four spacious residential units at the rear, currently producing a combined monthly rental income of $5,000, with further upside through potential rent increases. The sale includes the land, the established business, and the existing store fixtures, ensuring a seamless transition for the new owner. Recent improvements enhance the property's value and operational efficiency
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $479,788
- 6.5%
- $442,881
- 7%
- $411,247
-
Comparable approach
- Method
- Valuation
- Relative Method
- $509,011
- Geo Method
- $509,011
-
Alternative Use
- Use
- Valuation
- Residential
- $442,881
- Hospitality
- $405,677
- Educational
- $337,518
- Medical
- $349,126
- Retail
- $525,028
224 Park Ave, Manteca, California
Leaflet | © OpenStreetMap contributors
Location Insight
- City
- Manteca
- County
- San Joaquin
- State
- California
- Latitude
- 37.7948
- Longitude
- -121.22
- CBSA code
- 44700
- CBSA name
- STOCKTON, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$10,853
$143,263
$811,824
$955,087
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Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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