709 Mchenry Avenue, Modesto, CA 95350 | MC20176006 | Vista Sotheby’s International Realty

709 Mchenry Avenue $620,000

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    709 Mchenry Avenue Modesto, CA 95350

    • 3,000 sq. ft.
    • 0.25 Acres
    • Commercial Sale
    • MLS# MC20176006
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    Views: 51 Days On Market: 142

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    Property Details

    Currently operating as a used car dealership, this is an ideal opportunity to purchase frontage on the highly visible and active McHenry Auto Mall. Current tenants are month to month and interested in long term lease if possible with a 7.5%+ cap rate, or continue operating a similar line of business of your own. Parcels included are: 113001059000 , 113-001-005-000 Structures included on lot are, a back building of approximately 3000SF currently used as a mechanic repair area with an upstairs loft of usable space and restroom that could easily be remodeled into a large office. Also, two small separate private offices and a private restroom in an approximately 200SF structure. Buyer to verify square footage. The front lot is open for auto inventory. Current dealership turns 40+ autos a month per current owner. Back of the property has two gates that open securely to a quiet residential neighborhood with additional parking.

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    Neighborhood

    95350 (Modesto) Demographics

    38 Median Age
    5,779 Population Density (per sq. mile)
    27% College Educated
    $43,876 Estimated Median Income
    9,789 Estimated Total Home Owners
    9,731 Estimated Total Renters
    50% / 50% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    51,441 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $347,975 Median Sales Price
    54 Homes Sold
    69 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $620,000
        9/24/2020 10:52:43 AM Price Reduced Source New Value: $620,000 -4.62%
        9/14/2020 11:21:57 AM Price Reduced Source New Value: $650,000 -7.14%
        8/28/2020 5:22:00 PM New in Database Source New Value: $700,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 1/17/2021 8:26:07 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.