1302-1310 9th St - Storefront FOR SALE


Modesto, CA 95354- Downtown Modesto
$1,850,000 USD
209-345-8209
1302-1310 9th St, Modesto, CA for Sale
$1,850,000 USD
Storefront - FOR SALE
1/13
null | 6.7% Cap Rate

1302-1310 9th St
Modesto, CA 95354
Downtown Modesto


HIGHLIGHTS

  • Credit Tenant Sale-Leaseback or Owner-User Opportunity
  • 12,000± SF building on 13,939± SF corner lot with 133' frontage on 9th St
  • 5,000± SF open warehouse, 1,500± SF 40° chiller room, walk-in refrigerator

OVERVIEW

PMZ Commercial Real Estate is pleased to bring to market 1302-1310 9th St, Modesto, CA 95354, a 12,000± sf commercial building on a high-visibility corner lot of 13,939± sf in downtown Modesto. This credit tenant sale-leaseback or owner-user opportunity is currently occupied by Fresh Ideas Flower Co., founded in 1998 and the region's largest wholesale and retail flower bouquet company. Property features a rare combination of office, retail, refrigerated cold storage, and open warehouse space under one roof. Interior highlights include a 5,000± sf open warehouse (50'×100'), a 1,500± sf 40° chiller room, a walk-in refrigerator, large office and retail areas, a remodeled restroom, and a breakroom with kitchenette. The property is offered with a seller sale-leaseback in place featuring a five-year modified gross lease at $13,000 per month starting rent, with two 5-year options. Tenant is responsible for all maintenance except roof and structure. Net Operating Income of $122,800 provides a 6.7% cap rate, offering immediate, stable income from day one. Property could be sold to an owner-user if preferred. Zoned CM, allowing for a variety of uses. Well suited for food distribution, cold storage, light industrial, or other commercial businesses. Please check with the City of Modesto planning department for further details on permitted uses. Call listing agent for more details and to arrange a showing.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,938 SF

ZONING

CM

APN/PARCEL ID

105-45-11

ASK ABOUT THIS PROPERTY

Jordan AmarantPMZ CommercialMore Info
209-345-8209

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Jordan AmarantPMZ CommercialMore Info
209-345-8209

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