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Property profile & analytics
FOR LEASE
Banks

1700 Mchenry Ave Modesto, CA 95350

7,500 SF 0.17 ac lot Built 1960
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US09-1152889
Property summary
AI-generated overview

This exceptional 4,500 square foot retail space at McHenry Village Shopping Center presents a rare opportunity. Located on a coveted corner lot, this single-suite property boasts unparalleled visibility thanks to its glass-surround storefront and excellent curb appeal. The building is a single-story structure with easy access for customers via two convenient entrances, maximizing exposure and foot traffic. The interior features a beautifully designed showroom, a dedicated office area, ample storage space in a large storeroom, and two bathrooms. Recent renovations include refinished walls and a fresh coat of paint throughout, ensuring a move-in ready condition. This space has been occupied by the same tenant for over 30 years, making this a truly unique and highly sought-after retail location. The property is situated near Briggsmore Ave, offering convenient access and high traffic volume. This is an ideal space for a business seeking a prominent location with significant visibility and a well-maintained interior. The property's size and layout offer flexibility for a variety of retail uses. Don't miss this chance to secure a prime retail location in a thriving area.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1960
Construction TILT-UP CONCRETE
Total area 7,500 SF
Lot 0.17 ac (7,405 SF)
APN 120-033-003-000
UPID US09-1152889
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
Current use
Occupant on record · Public records
  • Gifts of Faith Religious Bookstore
  • Mulberry Lane (Bike/Boat/Book/etc) Store
  • Farmers Daughter (Bike/Boat/Book/etc) Store
  • Envy Clothing Store Store
  • Village Baking Company & Cafe Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$885k
Owner & transaction history
Khasha LLC · 2 yrs held
Khasha LLC
since 2023
Last sale
$875,000
6 recorded transactions
2023
Price N/A
2019
Price N/A
2016
Price N/A
2013
$875,000
2009
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.4M +116.3%
Commercial (general) $1.4M +110.1%
Industrial (general) $1.2M +82.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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