This is an incredible opportunity to acquire a desirable commercial property, PETE'S DRIVE-IN, on a nearly 1 acre corner commercial lot within a growing area, the Madera Ranchos. Madera Ranchos is located in Southeastern Madera County situated almost exactly between Fresno and the city of Madera. There are currently two existing tenants with total rental income of $4100/month: Pete's Drive-in ( income @ $3600 rent per month-1.5 yrs remaining 5yr lease w/5year extension option) & an Aluminum Recycler (income@$500 rent Per month). Contact L>A> for details on additional $775 per month income from a private $90,000 note with tenant which will be included as part of the sale. Activity for Madera Ranchos is center on Avenue 12, a major thoroughfare connecting Highway 41 to the City of Madera. Future developments include Gateway Village, a Castle & Coke community of approximately 20,000 that was approved to begin development at Highway 41 and Avenue 12.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
