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Property profile & analytics
FOR SALE
Retail space

1452 11Th St Reedley, CA 93654

3,260 SF 0.14 ac lot Built 1998
Individually Owned 3-yr Hold Free & Clear
Property ID
US09-2581833
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Construction WOOD
Total area 3,260 SF
Lot 0.14 ac (6,250 SF)
Zoning code CC
APN 368-213-14
UPID US09-2581833
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
$520k
CAP Approach CAP
$650k
Comparable Approach Comparable
by Request
Blend (final) Blend
$535k
Owner & transaction history
The Roman Catholic Bishop Of Fresno · 3 yrs held
The Roman Catholic Bishop Of Fresno
since 2023
Last sale
$574,545
3 recorded transactions
2023
$574,545
1989
$35,000
1985
Price N/A
Zoning & alternative use
CC · Reedley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $635,000 +157.4%
Office building $550,000 +123.6%
Auto repair, garage $480,000 +93.7%
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