2000 Mchenry Ave Modesto, CA 95350-3212
This exceptional 1,787 square foot retail pad site, located at 2000 McHenry Avenue in Modesto, California (95350), presents a compelling redevelopment opportunity. Situated on a 0.4-acre lot (APN 120-46-51) at the signalized hard corner of McHenry and Tokay Avenues, just north of Briggsmore, this property benefits from excellent visibility and accessibility. The site is currently vacant, with a prior tenant, Modesto Auto, having a lease expiring November 2, 2023. The property features four points of ingress/egress and reciprocal access with an adjacent shopping center. This prime location boasts strong surrounding retail, including Safeway, Sprouts, Burlington, CVS, Rite Aid, McDonald's, and numerous other businesses. The property is zoned for commercial use and offers a unique chance to capitalize on a high-traffic retail corridor. The single-story, 1972-built structure presents a blank canvas for a new development, while the existing short-term lease allows for potential income generation during the planning and permitting phases. This fee simple ownership opportunity is ideal for investors seeking a high-impact redevelopment project in a thriving Modesto retail area. The property's location and existing infrastructure provide a solid foundation for a variety of retail uses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.