1021 McHenry Ave - Retail FOR SALE


Modesto, CA 95350- Northwest Modesto
$4,725,000 USD
415-480-0214
1021 McHenry Ave, Modesto, CA for Sale
$4,725,000 USD
Retail - FOR SALE
1/24
null | Request Cap Rate

1021 McHenry Ave
Modesto, CA 95350
Northwest Modesto


HIGHLIGHTS

  • Significant value add potential.
  • Two 1,000 SF units available at 1009 McHenry Ave and one 15,000 SF contiguous unit available at 1021 McHenry Ave.
  • Corner lot.
  • High traffic retail corridor: Traffic count of 35,012 ADV on McHenry Ave directly in front of this property.
  • Excellent average household income of $122,028 within a 0.3 mile radius.

OVERVIEW

This retail property offers a prime investment opportunity along McHenry Avenue, one of Modesto’s most heavily trafficked commercial corridors. The asset consists of approximately 27,000 square feet of retail space situated on a 1.56-acre corner parcel with 230 feet of frontage. Its location provides exceptional visibility and access, supported by an average daily traffic count exceeding 35,000 vehicles. Currently 37% leased, the property presents significant value-add potential for investors seeking to reposition or stabilize occupancy. The existing tenant mix includes service-oriented and e-commerce-resistant businesses such as a neighborhood market, salon, and veterinary clinic, creating a foundation for long-term income stability. Two smaller units and one large-format space are available, offering flexibility for future leasing strategies.

FOR SALE DETAILS

PRICE

$4,725,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

C-2

APN/PARCEL ID

113-05-38

ASK ABOUT THIS PROPERTY

Joshua BallesterosNAI Northern CaliforniaMore Info
415-480-0214

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Joshua BallesterosNAI Northern CaliforniaMore Info
415-480-0214

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.