1343 Manning Ave Reedley, CA 93654-2352

This exceptional 13,206 square foot shopping center in Reedley, CA, presents a compelling investment opportunity. Located on a highly trafficked, signalized corner, this nine-unit property boasts a strong tenant mix including a Subway, butcher shop, laundromat, donut shop, beauty salon, travel agent, and dentist, reflecting a thriving, service-oriented community. Currently operating at 78% occupancy, the property offers significant upside potential through leasing the remaining 2,925 square feet of vacant space and stabilizing the existing month-to-month tenant (1,540 sq ft) with a new lease. The property features ample parking and is easily accessible from both N Haney Ave and Manning Ave. Recent improvements include a new roof installed in 2021 and 2023, complete with a warranty. Built in 1988, this single-story building sits on a 51,401 square foot lot and is zoned CC. The asking price is $2,100,000, representing a price per square foot of $159.02. The current NOI is $91,993, with a pro-forma NOI of $167,008 and a pro-forma cap rate of 7.95%. This property offers a solid foundation for income generation and future growth. The property's location and tenant mix make it an attractive investment for those seeking a stable, high-growth retail opportunity in a desirable California market. The APN is 370-100-45.