Two prime downtown commercial real estate parcels being sold together! This corner lot offers excellent visibility with alley access on the side, providing ample street frontage and ease of entry. Water and sewer are located adjacent to the property, power and gas are also nearby. The property is located just one block from Freeway 99, this location is ideal for businesses looking to serve downtown and surrounding areas. Zoned C-M, it offers diverse commercial and industrial opportunities such as warehouse space, shops, food truck parks, auto/truck services, vocational schools, public facilities, churches, entertainment venues, offices, medical facilities, outdoor sales, recycling, restaurants, kennels, daycares, cabinet shops, tile/granite shops, welding, and much more (see attachment). ***. NOTE: the subject property(APN) is at the NE norner of 7th and L St... (some city/county data showed the wrong address, it was just reassigned to 1204 & 1206 7th St). See attached parcel map.
This prime raw land is zoned R3, originally planned for the construction of a detached duplex plus one Accessory Dwelling Unit (ADU). The property boasts an already completed foundation and plumbing for one unit. Estimate for $6000/monthly property income when all 3 unit completed. Situated in a verified California Opportunity Zone, this land offers not only a fantastic investment potential but also tax incentives for development. With overhead power supply already in place, securing a power upgrade for future construction will be streamlined, making this an ideal location for developers looking to maximize their investment. Don’t miss the chance to turn this property into a profitable multi-unit housing project!
New Development Opportunity. Convenient Location, Most Preliminary work done with the City Of Modesto. This property is a lot split from the original 24,500 square feet of the present land and APN. The seller is selling (Approved)11,000 square of the total 25,000 sq ft to allow for 8 one bedroom, one bath tiny homes and parking. Zoning is Transitional Development (TD). Note:there is a small structure and the south east corner of property that will need to be removed. Plans drawn for individual units 1/1 dwelling at an estimated 494 sq ft. Early development (infrastructure) permits paid and approved. Additional details and disclosure ready for discussion
The median home value in Modesto, CA is $390,300. This is lower than the county median home value of $434,600. The national median home value is $338,100. The average price of homes sold in Modesto, CA is $390,300. Approximately 54.34% of Modesto homes are owned, compared to 41.87% rented, while 3.79% are vacant. Modesto real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Modesto real estate agent to arrange a tour today!
Modesto, California 95354 has a population of 217,728. Modesto 95354 is less family-centric than the surrounding county with 33.8% of the households containing married families with children. The county average for households married with children is 35.12%.
The median household income in Modesto, California 95354 is $67,011. The median household income for the surrounding county is $68,368 compared to the national median of $69,021. The median age of people living in Modesto 95354 is 34.9 years.
The average high temperature in July is 93.8 degrees, with an average low temperature in January of 38.9 degrees. The average rainfall is approximately 12.9 inches per year, with 0 inches of snow per year.