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401-405 Downey Ave

4,170 SF 100% Leased Retail Building Modesto, CA 95354 $800,000 USD ($192 USD/SF) 7.97% Cap Rate

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Investment Highlights

Mixed Use Commercial Property
Excellent High Traffic Location

Owner Occupy Plus Rental Income
Off Street Parking

Executive Summary

Welcome to 405 Downey Ave, home to the well known Bauhaus Restaurant. This is mixed use commercial property featuring units occupied by a restaurant, a salon, 2bed 1 bath apartment, and a spacious 1 bed 1 bath apartment. Salon is aproximately 2,100sf, restaurant is roughly 900sf, and the apartments are roughly 1,310sf combined.
Bauhaus will be doing a 5 year lease at $2,000 per month. Lease to be executed during escrow with seller. Salon has recently signed a 3 year lease extension. 1 bedroom apartment has a long term tenant. 2bedroom apartment will be vacant at close of escrow if desired by buyer.
Property is well located fronting the high traffic intersection of Scenic and Burney. High visibility and desirability for your tenants

405 Downey Ave Brochure V5-2