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    OFF-MARKET
    Grocery and convenience stores

    13384 Rd 29, Madera, CA 93638-5917

    1,913 SF 1.16 ac lot
    Individually Owned 19-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-0136500
    Property summary
    AI-generated overview

    This exceptional 52,380 square foot commercial lot presents a unique built-to-suit ground lease opportunity in Madera County, California. Strategically located near Highway 99, this property boasts unparalleled access to major California cities including Fresno, Bakersfield, Merced, and Modesto, leveraging one of the state's busiest trucking routes for optimal logistical advantages. Zoned for Commercial-Residential Mixed Use (CRM), the land offers immense flexibility for a diverse range of development projects. The area is experiencing significant growth, with new residential developments attracting a burgeoning workforce and expanding consumer base. This translates to a robust local talent pool and a consistent consumer market, creating a highly favorable environment for businesses. The property's excellent visibility and convenient freeway access further enhance its appeal. Existing infrastructure includes readily available utilities and sewer services. The surrounding area features a blend of established businesses and new residential communities, creating a dynamic and vibrant atmosphere. This prime location, coupled with its proximity to schools, neighborhoods, and essential services, makes it an ideal site for a thriving mixed-use development. The opportunity to create a truly special project in the heart of Madera's growth is undeniable. Prospective lessees are advised to independently verify utility availability and permitted uses with Madera County.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Construction WOOD
    Total area 1,913 SF
    Lot 1.16 ac (50,529 SF)
    Zoning code CRM
    APN 034-165-022-000
    UPID US09-0136500
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Abel I Anyanwu · 19 yrs held
    Abel I Anyanwu
    since 2006
    1 recorded transaction
    2006
    $435,000
    Zoning & alternative use
    CRM · Madera, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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