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1124 12th Street Modesto, CA ^$ 4,200,000

1124 12th Street

^$ 4,200,000

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1124 12th Street

Modesto, CA, 95354

^$ 4,200,000

Studio Baths0.0 Sq 25,890

Monthly Estimate*

^$ 29,338

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Studio

Commercial Property for sale in Modesto, CA

for $4,200,000. This 25,890 square foot building was built in 1980 on a lot size of 1.04.

This is a downtown single-tenant investment opportunity that's leased to Stanislaus County's Behavioral Health and Recovery Services. This is a brand new, government-backed 10-year lease. The opportunity offers secure, stable return in a prime Downtown Modesto location. This property spans across 1.04 acres of land and offers a rentable area of 25,890 SF, making it an attractive option for tenants looking for ample space for business operations and parking. Additionally, the property underwent renovations in 2022, which means that it is equipped with modern amenities and state-of-the-art facilities. **The Price Reduction reflects a Current Cap Rate of 8.01%%**

Commercial Active

Price

^$ 4,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Office

Lot Size

1.04

Year Built

1980

Town/City

Modesto

County/Region

Stanislaus

MLS | Web ID

223042884

Features

General

Sewer Public Sewer

Heating Central

Cooling Central

Utilities Separate Gas Meter Separate Water Meter

Roof Flat Tile

Construction Materials Frame Stucco

Year Built 1980

Electric Separate Electric Meter

Tenant Pays Sewer Electricity Gas Trash Collection Water Janitorial Services

Stories 2

Property SubType Office

Location Downtown

Business Type Commercial Other

County Stanislaus

Property Type CommercialSale

Building Features Meeting Facilities Other Restroom Facilities Dumpster Landscaping

Close Price 0.0

Status Active

Directions West on Needham St Left on L St Left on 12th St

City Modesto

Buyer Agent Compensation 2

Zoning Description UGD

Total Units 1

MLS Area 20108

Lot Size Square Feet 45302.0

Street Name 12th

Ok to Lease 6-10 Years

Standard Status Active

Year Built Source Assessor Agent-Fill

Buyer Agent Compensation Type Percent

Interior

Flooring Vinyl 0

Office Area 0

Total Stories 2

Street Suffix Street

Exterior

Parking Features Exclusive

Water Source Public

Total Parking 0.0

Number of Buildings 1

Building Area Total 25890.0

Lot Size Acres 1.04

Lot Size Source Assessor Agent-Fill

Parking Ratio 0.0

Internal Only

Street Number 1 1124

* Excluded Features

List By

Cosol Commercial Real Estate

Broker

jfriedrich@cosol.net

Affordability Calculator

$29,338

Per Month

Monthly Principal & Interest: $29,338
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Modesto, CA

Average List Price ^$1,244,631

Percent of Sale Price 70%

About Modesto, CA

216,543 Population

13% Since 2002

^$52,278 Median Income

36.08 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

295416 Elementary School

295437 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/25/2024	$4,200,000	-6.67%	Price Down
4/3/2024	$4,500,000	-3.23%	Price Down
1/11/2024	$4,650,000	-5.78%	Price Down
11/14/2023	$4,935,000	-3.24%	Price Down
9/28/2023	$5,100,000	-2.86%	Price Down
6/6/2023	$5,250,000	-3.40%	Price Down
5/15/2023	$5,435,000		Listed Price

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1124 12th Street, Modesto, CA, 95354 is a Commercial Property for sale at $4,200,000 with 25,890 sqft and a lot size of 1.04. 1124 12th Street is a studio with 0.0 baths and was built in 1980. The property's zip code is 95354 which is in Modesto, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 5/1/2024.

Property information, real estate data and other informational content on this Site is provided in part by the Internet Data Exchange program of MetroList Services, Inc., a California corporation (“MetroList”).

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information.

Data is updated as of 5/1/2024.
CA DRE #02088790
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1124 12th Street

Commercial Property for sale in Modesto, CA

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