854 Crows Lndg Rd Modesto, CA 95351-3944
This exceptional 2.15-acre property in Modesto, CA, presents a unique investment opportunity. Currently zoned MU-P (Mixed Use Pedestrian), allowing for a diverse range of commercial and residential development, this site offers significant flexibility for the new owner. The property boasts approximately 7,000 square feet of existing building space, including a large mechanic shop, a large office building, a small office building, and a small home with garage. Located at 854 Crows Landing Rd, 95351, this property benefits from high visibility near CA-99. The asking price is $1,999,990, translating to $285.71 per square foot. The MU-P zoning allows for uses equivalent to C-2 (General Commercial) and R-3 (Medium-High Density Residential) zoning, with some modifications. This means the property could accommodate a variety of commercial ventures, such as gas stations, pharmacies, banks, hotels, restaurants, or fast-food establishments, alongside high-density residential development. The existing structures provide immediate income potential or can be repurposed to suit the new owner's vision. Alternatively, the site offers the opportunity for ground-up construction, maximizing the potential of this strategically located and versatile property. The APN is 038/033-003/004/011/012; 038-019-038. Neighboring properties may be used for affordable housing development, further enhancing the area's appeal.
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Mendoza's Auto Sales Car Dealership
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
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Property description
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Risks
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