153 Santa Cruz Ave Modesto, CA 95354-2721
- Retail space
- 3,240 SF
- 0.51 lot acres
Current Use by Public Records
- Retail space
Property Details for 153 Santa Cruz Ave
- Year built
- 1967
- Construction
- WOOD
- Lot size
- 0.51 lot acres
- Property size
- 3,240 SF
- Property type
- Retail space
- APN
- 035-003-040-000
- APU
- 35003040000
Description
This exceptional 3,240 square foot commercial property located at 153 S Santa Cruz Avenue in Modesto, California, presents a unique investment opportunity. Situated on a 0.52-acre lot, the building offers significant versatility and potential for a variety of uses. City planning has indicated a strong likelihood of approving a conditional use permit for multi-family residential development, making this an attractive option for developers seeking to capitalize on the growing housing demand. However, the property's existing features also make it ideally suited for a range of other commercial ventures. The building boasts a spacious front showroom area, perfect for showcasing products or services. Two offices provide ample space for administrative tasks, while two bathrooms cater to both employees and clients. Several tall access doors facilitate easy movement of vehicles or equipment, making it particularly well-suited for businesses such as auto repair shops, towing companies, or storage facilities. Adding to its functionality, the property includes convenient alley access and a large concrete slab at the rear, providing additional space for operations or storage. The property's prime location in Modesto offers excellent visibility and accessibility, ensuring strong potential for attracting customers and clients. This versatile property represents a rare opportunity to acquire a substantial commercial building with multiple development possibilities in a thriving California market. The asking price is $348,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $375,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $353,000
- AI Estimate
- $250,000
Market price range: $189k - $725kMarket price range: $202k - $490k
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Location Insight
- Map
- Local Demand
- City
- Modesto
- County
- Stanislaus
- State
- California
- Longitude
- -120.975
- Latitude
- 37.6374
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA