1301 I St Reedley, CA 93654
- Warehouses
- 3,000 SF
- 0.26 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1301 I St
- Year built
- 1971
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.26 lot acres
- Property size
- 3,000 SF
- Zone code
- ML
- Property type
- Warehouses
- APN
- 368-271-13
- APU
- 36827113
Description
This exceptional Reedley, CA industrial property offers a unique investment opportunity. The main building boasts approximately 3,000 square feet of upscale office space, perfectly suited for a variety of businesses. The thoughtfully designed layout includes four individual offices, a dedicated reception area, a large conference room, two restrooms, and substantial storage space. The property sits on a generous 0.26-acre lot (11,250 square feet), providing ample room for expansion or future development. Adding significant value is a separate, tenant-occupied residential unit – a one-bedroom, one-bathroom home – generating consistent rental income. This presents a dual-income stream, enhancing the overall return on investment. The property's location in Reedley offers convenient access to local amenities and transportation routes. Furthermore, there's the potential to acquire the adjacent lot, expanding the property's footprint and unlocking even greater possibilities. This versatile property is ideal for an owner-occupier seeking additional income or an investor looking for a strong cash-flow opportunity. The asking price for this exceptional property is $650,000. Don't miss this chance to own a truly unique and profitable commercial property in a thriving location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $350,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $420,000
- Retail
- $370,000
- Mixed-Use
- $375,000
- Hospitality
- $440,000
- Educational
- $415,000
- Residential Income
- $410,000
- Energy
- $430,000
- Income-Based Land
- $425,000
- Food Service
- $425,000
Location Insight
- Map
- Local Demand
- City
- Reedley
- County
- Fresno
- State
- California
- Longitude
- -119.451
- Latitude
- 36.5925
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA