See Home Value
Reedley 93654
1460 11Th Street
$454,539*
Commercial - Off Market

1460 11Th Street

Reedley, CA 93654
bedrooms
Studio
bathrooms
0 Bath
$279,000 - $341,000
Reference Base Price*
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Single-tenant NN leased freestanding Fosters Freeze Restaurant investment with long term tenant on a 10-year lease with consistent rent increases. Fosters Freeze has occupied the space since 1962 and just inked another corporate guaranteed lease extension through May 2026 with no termination clause. The lease rate is very conservative at only $1.45/SF/month, making this a very profitable location. The tenant just completed a $50K+ remodel in 2017, showing their commitment to the market and location. The vibrant downtown of Reedley attracts various quality tenants surrounding the location bringing great synergy for Fosters Freeze to flourish. Well known and established corner restaurant building in a highly traveled area off the Main and Main of Downtown Reedley. The  freestanding building has a functional floor plan that tenant has made substantial improvements to. The deal is operated by a quality multi-unit family partnership/operator with a long history in fast food operations.
Unit Size
-
Days on Market
-
Land Size
0.29 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1962

Price History

Date / Event Date Event Price
Aug 8, 2019 No longer available -
No longer available
Aug 31, 2018 Listed $310,000
Listed

Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
In Contract
Other
Loft
-
2,604 ft²
$113/ft²
$295,000 Nov 8, 2023
-
-
In Contract
House
3 Beds
2 Baths
1,135 ft²
$282/ft²
$319,500 Mar 20, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180831
08/31/2018
Studio
-
-
$310,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

1460 11th Street 1460 11th Street, Reedley, CA 93654
More about this Building
1460 11th Street
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