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    OFF-MARKET
    Grocery and convenience stores

    2145 Kennedy St, Madera, CA 93637

    37,400 SF Built 1973
    Property ID
    US09-1240627
    Property summary
    AI-generated overview

    This exceptional 37,400 square foot vacant lot presents a prime redevelopment opportunity in Madera, CA. Located on a signalized hard corner at the intersection of West Kennedy Street and the Ellis Street overpass, this property boasts excellent ingress and egress, ensuring high visibility and accessibility. The site benefits from its strategic location near major retailers such as Starbucks, Home Depot, Les Schwab Tire, Best Western, and Verizon, as well as convenient access to Highway 99 and the Madera Airport. The existing infrastructure is complete, with curbs, gutters, sidewalks, sewer, and water already in place. The property's zoning requires rezoning, making it suitable for a variety of uses, including fast-food restaurants, banks, cell phone stores, car washes, or convenience stores. Previously occupied by a 1700 square foot home (currently month-to-month rental), the seller is currently subdividing the parcel to leave approximately 37,400 square feet on the corner. The land value is $21.36 per square foot, with an asking price of $999,000. An additional 24,000 square foot parcel is also available on Ellis Avenue. This high-profile location, coupled with its heavy traffic volume and immediate freeway access, makes this a truly exceptional investment opportunity. The property is a single-story building built in 1973, requiring a complete tear-down and redevelopment. The parcel number is 013-270-017.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Year built 1973
    Total area 37,400 SF
    APN 013-270-017
    UPID US09-1240627
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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