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405 Downey Avenue, Modesto, CA 95354
$888,000
405 Downey Avenue, Modesto, CA 95354View this property at 405 Downey Avenue, Modesto, CA 95354
405 Downey AvenueModestoCA95354
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Property Description
Welcome to 405 Downey Ave, home to the well known Bauhaus Restaurant. A 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 760sf, 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. Excellent Downtown Modesto location with high visibility and desirability for your business and tenants
Full Property Details
Full Property Details for 405 Downey Ave
General
- Price: $888,000
- Status: Active
- Type: Retail
- MLS ID: 224036268
- Updated: 5/8/2024
- Added to Site: 38 day(s) ago
Business
- Business Type: Restaurant, Other
Interior
- Flooring: Varies by Unit, See Remarks
Additional Information
- Other Features: Varies by Unit, See Remarks
Parking
- Parking: See Remarks
Location
- County: Stanislaus
- Cross Streets: Kimble st
- Driving Directions: Scenic Dr to downey ave to address
- Location Details: See Remarks
Heating & Cooling
- Cooling Type: Varies by Unit
- Heating Type: Varies by Unit
Structural Information
- Construction: Brick, Wood
- Roof: Composition, Shingle
Lot Features
- Zoning: C1
Financial Considerations
- Terms: 1031 Exchange, Cash, Conventional, SBA Loan
- Tenant Pays: Varies by Unit
- Tenant Expense: Varies by Unit
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: None
Listed by PMZ Commercial Real Estate
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Schools
Schools serving 405 Downey Ave
School Districts:Modesto City Elementary School District, Modesto City High School District
Rating | Name | Grades | Distance |
---|---|---|---|
1215 Lucern Ave, Modesto, CA 95350 | K-6 | 0.8 mi | |
1800 Encina Ave, Modesto, CA 95354 | 7-8 | 1.2 mi | |
1000 Coffee Rd, Modesto, CA 95355 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 405 Downey Ave
Date
Details
Price
Change
Source
4/11/2024
Listed
$888,000
97.33%
MLS
3/28/2022
Sold
$450,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 405 Downey Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,256
22%
$459,000
21%
2022
$4,316
6%
$378,740
2%
2021
$4,060
-2%
$371,315
1%
2020
$4,139
2%
$367,509
2%
2019
$4,044
45%
$360,303
40%
2018
$2,795
—
$256,500
—
2017
$2,783
—
$256,500
—
2016
$2,784
—
$256,500
—
2015
$2,789
—
$256,500
—
2014
$2,801
—
$256,500
—
2013
$2,802
—
$256,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 405 Downey Ave
405 Downey Avenue, Modesto, CA 95354 (MLS# 224036268) is a Retail property. 405 Downey Avenue is currently listed for $888,000 and was received on April 11, 2024. Want to learn more about 405 Downey Avenue? Do you have questions about finding other Retail real estate for sale in Modesto? You can browse all Modesto real estate or contact a Coldwell Banker agent to request more information.