Modesto, California was founded in 1870 and steadily grew as a stop along the railroad that connected Sacramento and Los Angeles. Like many cities in the Central Valley, agriculture is a major industry in Modesto. Wine in particular occupies a notable portion of the agricultural real estate, and Modesto houses the world’s largest winery: E & J Gallo Winery.
The city was memorialized in George Lucas’s film American Graffiti, which was informed by Lucas’s experiences growing up in Modesto. Though the film was actually shot in Petaluma, California, it still captured the vibrance of Modesto’s historic 10th and 11th streets. These streets have since become a tourist walk downtown, known as the Historic Cruise Route.
The Historic Cruise Route isn’t the only transformation that has happened in downtown Modesto. In 2007, the Gallo Center for the Arts opened downtown, providing Modesto with quality music and theater performances. In 2012, the Downtown Modesto Partnership was established to highlight and improve the area’s offerings, bringing in events like DoMo First Fridays and altering the real estate market downtown.
A University of the Pacific study found that Modesto is one of the cheapest places to live in California. The impacts of this affect not only the residential market, but commercial real estate as well. Northgate Commercial Real Estate has over a decade of experience buying, selling and leasing properties within the Central Valley and understands the challenges and opportunities within Modesto’s market.
Whether you are looking to buy agricultural space for a winery or looking to sell your retail space downtown, our experienced agents can provide the service you need to deliver results beyond expectations. Contact Northgate today and let us help you with your commercial real estate needs.