1214 11th St Modesto, CA 95354-0710
- Office Properties & Spaces
- 3,695 SF
- 0.16 lot acres
Current Use by Public Records
- Heritage Property Management / Property Management Company
- Lumix Insurnace Agency / Insurance Agency
- Opera Modesto / Opera Company
- DeJong Financial Group, Inc. : KAREN DEJONG / Financial Consultant
- Glow by Geo / Beauty Salon
Property Details for 1214 11th St
- Year built
- 1979
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.16 lot acres
- Property size
- 3,695 SF
- Property type
- Office Properties & Spaces
- APN
- 105-029-011-000
- APU
- 105029011000
Description
This exceptional investment opportunity presents a fully leased, single-story, five-unit office building situated in the heart of downtown Modesto, California. The property boasts a prime location, offering convenient access to City/County offices, dining, shopping, and Highway 99. The 3,695 square foot building sits on a 0.16-acre lot and provides ample parking, including deeded off-site spaces, with front, back, and street parking options. Security features include gated front and rear access, enhancing tenant privacy and safety. The building features two secured private restrooms for tenants, plus an additional restroom in a separate office. Four of the five units have recently undergone interior updates, reflecting a commitment to maintaining high-quality spaces. Significant recent improvements include a new roof and a newer heating unit, minimizing future maintenance expenses. The long-term leases with existing tenants ensure a consistent stream of rental income, making this an attractive proposition for investors seeking a stable and profitable investment. This is a rare opportunity to acquire a well-maintained, centrally located multi-unit office building with strong tenant occupancy and a proven track record of generating income. The property's location and features make it an ideal investment for those seeking a low-maintenance, high-return investment in a thriving urban area.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $470,000
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Location Insight
- Map
- Local Demand
- City
- Modesto
- County
- Stanislaus
- State
- California
- Longitude
- -121.002
- Latitude
- 37.6438
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA