580 Derrick Ave Mendota, CA 93640
- Grocery and convenience stores
- 28,000 SF
- 2.85 lot acres
Current Use by Public Records
- VISTA SQUARE LLC / Wedding Service
- Flex Fitness / Physical Fitness Program
- TNT Fireworks / Store / Fireworks Store
Property Details for 580 Derrick Ave
- Year built
- 1979
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.85 lot acres
- Property size
- 28,000 SF
- Zone code
- C3
- Property type
- Grocery and convenience stores
- APN
- 012-190-33
- APU
- 1219033
Description
This exceptional commercial land opportunity presents a rare chance to establish a thriving business in a high-traffic area of Mendota, CA. The property, zoned C-2, offers a flexible buildable area ranging from 20,000 to 30,000 square feet, ideal for a variety of retail or restaurant concepts. Its strategic location within an established shopping center's parking lot on Highway 33 ensures exceptional visibility and accessibility. The site benefits from a drive-thru pad, perfect for quick-service restaurants or businesses requiring convenient customer access. This ground lease opportunity provides a cost-effective entry point into a vibrant market. The property boasts a strong tenant mix, including established businesses such as Star Super Market, Save a Dollar Superstore, Mendota Food Center, Burger King, Auto Zone, Dollar Tree, Mendota Donuts, and McDonald's, creating a synergistic environment and attracting a substantial customer base. This is a single-tenant property in Fresno County, offering a unique chance to capitalize on the high foot traffic and strong commercial presence in this thriving community. The C-2 zoning allows for a wide range of commercial uses, providing flexibility for potential buyers or lessees. Don't miss this opportunity to secure a prime location in a bustling retail environment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $325,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $365,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $315,000
- Retail
- $310,000
- Mixed-Use
- $330,000
- Hospitality
- $310,000
- Educational
- $325,000
- Residential Income
- $340,000
- Energy
- $315,000
- Income-Based Land
- $355,000
- Food Service
- $370,000
Location Insight
- Map
- Local Demand
- City
- Mendota
- County
- Fresno
- State
- California
- Longitude
- -120.388
- Latitude
- 36.7518
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA