Madera, CA 93638,25916 Avenue 17
Madera, CA 93638,25916 Avenue 17
Madera, CA 93638,25916 Avenue 17
74
$550,000
$615,000
10.6%
Est.Price: ?

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12 BD
4 BA
4,000 SqFt

25916 Avenue 17 Madera, CA 93638

Est. payment /mo
SOLD DATE : 02/01/2024

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Key Details

Sold Price $550,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $137

MLS Listing ID 604958

Sold Date 02/01/24

Bedrooms 12

Year Built 1991

Lot Size 0.316 Acres

Property Description

This 4,000 square foot boutique retail center has (4) suites: each with a reception area, 3 offices, 1 Kitchen, 1 Bathroom and slider leading to a private patio. Each suite is individually metered for electric. Water comes from the utility connection with 1 main meter, and the property's sewer is self sufficient with septic tank on site. The financials are attached. Rents are A-$1,000, C-$1,100, D-$1,100 with the fourth unit currently vacant. Unit A raises to $1,200 on 4/1/24 and Unit C & D raise to $1,200 each on 2/1/24. The vacant Unit B used to rent for $1,500. There is a value add play with the vacant unit and also future restructuring of leases for a $48,000+ (net) return annually. Pro forma numbers exemplified on the attached financials. Also there are owner/user options and flexibility at this center. This building has been very low maintenance for the current owner and easy to self manage. The owner is selling the entire portfolio and retiring. The location is great with Avenue 17 frontage and the traffic that passes along that route daily. The tenants are wonderful and we request that you do not disturb them. Instead, please view the interior and exterior photos displaying all 4 suites, and submit your offer subject to inspection.

Location

State CA

County Madera

Area 638

Zoning CRM w/ MHA Overlay

Interior

Heating Central Heat/Cool

Cooling Central Heat/Cool

Exterior

Exterior Feature Metal, Brick/Block, Other

Garage 10 - 20 Spaces

Fence Partial

Roof Type Flat

Building

Story One

Sewer City Water, Septic, Individual Gas

Water City Water, Septic, Individual Gas

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

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Fresno MLS (Fresno)
Listed by Aram Melikian • Real Broker

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JT Contrestano

Broker Associate | License ID: 01920263

+1(559) 360-2931

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