19 Del Puerto Ave Patterson, CA 95363-2517
- Retail space
- 1,607 SF
- 0.04 lot acres
Current Use by Public Records
- Retail space
Property Details for 19 Del Puerto Ave
- Year built
- 1953
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.04 lot acres
- Property size
- 1,607 SF
- Property type
- Retail space
- APN
- 131-015-003-000
- APU
- 131015003000
Description
This exceptional retail storefront investment opportunity is located at 19 S Del Puerto Ave, Patterson, CA 95363. The property boasts a prime location in the heart of Patterson's downtown core, directly adjacent to City Hall and conveniently situated near the Patterson Circle. This 1,625 square foot building features two occupied units, offering a current NOI of $19,399 and a 3.46% cap rate. The pro-forma NOI is $11,873, resulting in a pro-forma cap rate of 2.12%. Built in 1953, the property sits on a 0.037-acre lot and is zoned for Downtown Core use (APN: 131-015-003-000). The asking price is $560,000, translating to a price per square foot of $344.62. This multi-tenant property presents a strong investment opportunity with excellent potential for future growth and return, given its strategic location and current 100% occupancy. The property's central location ensures high visibility and accessibility for businesses, making it an attractive investment for both seasoned and new investors seeking a stable and profitable retail asset in a thriving community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Patterson
- County
- Stanislaus
- State
- California
- Longitude
- -121.131
- Latitude
- 37.4708
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA
