2254 Floyd Ave Modesto, CA 95355

Property Details for 2254 Floyd Ave

Year built

2001

Construction

TILT-UP CONCRETE

Lot size

1.51 lot acres

Property size

2,116 SF

Property type

Sports & entertainment properties

APN

077-018-052-000

APU

77018052000

Description

This exceptional commercial property, situated at 2254 Floyd Avenue in Modesto, California, presents a compelling investment opportunity. The building encompasses a substantial 28,261 square feet and sits on a generous 1.52-acre lot, ideally positioned within a bustling North Modesto shopping district. Currently operating under a secure 5-year lease agreement, with three additional 5-year options, this property offers significant long-term stability and predictable income. The current lease generates a 5.7% capitalization rate, demonstrating a strong return on investment. The property's prime location within a thriving commercial area ensures high visibility and accessibility, making it an attractive proposition for a variety of businesses. The substantial size of the building and lot provides ample space for expansion or future development, offering further potential for increased revenue and appreciation. This is a rare opportunity to acquire a well-established, high-performing commercial property in a desirable location with a proven track record of success. The existing lease provides immediate cash flow, while the long-term options offer security and growth potential. This property is an ideal investment for those seeking a stable, high-yield asset with significant upside. Serious inquiries only.

Location Insight

City

Modesto

County

Stanislaus

State

California

Longitude

-120.956

Latitude

37.6776

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments