323 Canal Dr Turlock, CA 95380-3905

Property Details for 323 Canal Dr

Year built

1967

Construction

STEEL FRAME

Lot size

0.35 lot acres

Property size

10,154 SF

Property type

Commercial real estate

APN

042-008-019-000

APU

42008019000

Description

This exceptional 10,154 square foot commercial property, situated on a 0.36-acre lot at 323 W Canal Drive in Turlock, CA, presents a compelling investment opportunity. Ideally located across from the Turlock Town Center, this building boasts excellent visibility and accessibility. Currently configured as two units, the property is easily divisible into three separate spaces, making it highly adaptable to a variety of uses. Two of the potential spaces include workshops equipped with convenient roll-up doors, perfect for businesses requiring storage or specialized equipment. The building also features multiple offices and three bathrooms, two of which are ADA-compliant, ensuring accessibility for a wide range of tenants. The property has enjoyed consistent occupancy for the past 25 years, with current tenants operating on month-to-month leases. Currently, one tenant occupies 51% of the space, paying $2,950 per month, while the other tenant pays $2,750 per month. Importantly, both rental rates are considerably below current market value, representing a significant opportunity to increase revenue streams. This presents substantial upside potential for the new owner, whether through rent increases, lease restructuring, or reconfiguration of the space to accommodate additional tenants. This property offers a rare blend of established income and significant growth potential in a thriving Turlock location. The asking price is $889,000.

Location Insight

City

Turlock

County

Stanislaus

State

California

Longitude

-120.853

Latitude

37.5009

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments