1452 11th St Reedley, CA 93654-2947
- Retail space
- 3,260 SF
- 0.14 lot acres
Current Use by Public Records
- Retail space
Property Details for 1452 11th St
- Year built
- 1998
- Construction
- WOOD
- Lot size
- 0.14 lot acres
- Property size
- 3,260 SF
- Zone code
- CC
- Property type
- Retail space
- APN
- 368-213-14
- APU
- 36821314
Description
This ±3,260 square foot retail building, situated on a prominent corner lot in Reedley, California (93654), presents a unique investment opportunity. The property, located at 1452 11th St, features a well-designed layout ideal for a variety of commercial uses. Previously operating as a fully equipped salon, the first floor boasts an open floor plan with multiple sectioned areas, including space for eight hair stylist chairs, eight shampoo bowl sinks, eight hair dryer stations, and two pedicure stations. The second floor offers a spacious loft area with two rooms, a private restroom with a shower, and a large living area. The building sits on a 0.14-acre lot and is zoned CC. The main salon area comprises approximately 2,260 square feet, with an adjacent ±1,000 square foot suite currently occupied by a tenant. The property includes designated parking spaces and benefits from convenient access to street parking and a private parking lot. The asking price is $575,000, translating to $176.38 per square foot. This property offers significant potential for rental income, given the possibility of renting individual stylist stations at estimated rates of $400-$500 per month. The building's functional layout and prime location make it an attractive option for both owner-operators and investors seeking a strong return on investment. The Assessor's Parcel Number (APN) is 368-213-14.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $620,000
- 6.5%
- $645,000
- 7%
- $605,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $495,000
- Geo Method
- $540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $475,000
- Retail
- $515,000
- Mixed-Use
- $535,000
- Hospitality
- $570,000
- Educational
- $515,000
- Residential Income
- $570,000
- Energy
- $490,000
- Income-Based Land
- $595,000
- Food Service
- $615,000
Location Insight
- Map
- Local Demand
- City
- Reedley
- County
- Fresno
- State
- California
- Longitude
- -119.448
- Latitude
- 36.5979
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA