2254 Floyd Ave, Modesto, CA 95355
- Sports & entertainment properties
- 2,116 SF
- 1.51 lot acres
Current Use by Public Records
- In-Shape Family Fitness / Gym & Fitness Center
Property Details for 2254 Floyd Ave
- Year built
- 2001
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.51 lot acres
- Property type
- Sports & entertainment properties
- APN
- 077-018-052-000
- APU
- 77018052000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 8, 2018 | — | Briles,w R & R M 2018 Trust | Briles,william R & Rose M | Quit Claim Deed · related | — |
| Jan 18, 2018 | — | William R Briles | — | Deed · related | $1.1M · Farmers & Merchants Bk/ctrl Ca |
| — | — | William R Briles | — | Deed Of Trust · related | $1.4M · Farmers & Merchants Bk Ctrl Ca |
| — | — | William R Briles | — | Loan Modification · related | $1.1M · Farmers & Merchants Bk/ctrl Ca |
Description
This exceptional commercial property, situated at 2254 Floyd Avenue in Modesto, California, presents a compelling investment opportunity. The building encompasses a substantial 28,261 square feet and sits on a generous 1.52-acre lot, ideally positioned within a bustling North Modesto shopping district. Currently operating under a secure 5-year lease agreement, with three additional 5-year options, this property offers significant long-term stability and predictable income. The current lease generates a 5.7% capitalization rate, demonstrating a strong return on investment. The property's prime location within a thriving commercial area ensures high visibility and accessibility, making it an attractive proposition for a variety of businesses. The substantial size of the building and lot provides ample space for expansion or future development, offering further potential for increased revenue and appreciation. This is a rare opportunity to acquire a well-established, high-performing commercial property in a desirable location with a proven track record of success. The existing lease provides immediate cash flow, while the long-term options offer security and growth potential. This property is an ideal investment for those seeking a stable, high-yield asset with significant upside. Serious inquiries only.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Modesto
- County
- Stanislaus
- State
- California
- Longitude
- -120.956
- Latitude
- 37.6776
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA
