40291 Junction DrOakhurst, CA 93644

Property Details for 40291 Junction Dr

Lot size

0.07 AC

Zone code

PSC

Property type

Retail properties

Property subtype

Strip malls

APN

064-071-034-000

APU

64071034000

Description

This exceptional retail property, located at 40291 Junction Drive in Oakhurst, California, offers 4,096 square feet of versatile space situated on a 0.07-acre lot. The property boasts a prime location at a major commercial intersection within the Grocery Outlet shopping center, ensuring high visibility and foot traffic. Currently, two of the five suites are leased, generating immediate income for the new owner. Suite 100 (701 sq ft) houses a law office, and Suite 101 (714 sq ft) is occupied by a hair salon. The remaining three suites offer significant potential for expansion or leasing opportunities. Suite 102 encompasses 1,543 sq ft, while Suites 201 and 202 each measure 1,024 sq ft and 924 sq ft respectively. This presents a unique chance to capitalize on existing income streams while simultaneously developing the vacant spaces to maximize return on investment. The property is priced competitively at $362,000 and is identified by APN# 064-071-034-000. This is a rare opportunity to acquire a well-positioned retail center in a thriving Oakhurst commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $983,739

  6.5%

  $908,067

  7%

  $843,205

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,129,792

  Geo Method

  $1,759,440

• Alternative Use

  Use

  Valuation

  Residential

  $765,988

  Hospitality

  $701,641

  Educational

  $583,757

  Medical

  $603,834

  Retail

  $908,067

Location Insight

City

Oakhurst

County

Madera

State

California

Latitude

37.3339

Longitude

-119.658

CBSA code

31460

CBSA name

MADERA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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