For Sale
$695,000

333 Fox StLemoore, CA 93245

9,118 SF, 5-unit building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Lemoore, CA property, located at 333 Fox Street, presents a compelling investment opportunity. The 9,118 square foot building sits on a 0.26-acre lot and boasts a desirable mixed-use configuration, encompassing storefront and warehouse space. Currently operating at 100% occupancy, the property features five units ranging in size from approximately 650 square feet to 4,180 square feet. The diverse tenant mix includes a dog groomer, restaurant, Farmers Insurance, and a pet retail store, all contributing to a stable income stream. An owner-user could occupy approximately 6,750 square feet, comprising 2,570 square feet of retail/office space and 4,180 square feet of warehouse space, while benefiting from the income generated by the remaining leased units. The property's prime location in a high-traffic area ensures excellent visibility and accessibility. The functional floor plan, coupled with substantial tenant improvements, minimizes maintenance needs. This well-maintained building presents a strong value-add opportunity, with a 9.30% cap rate and an asking price of $695,000 ($76.22 per square foot). Its suitability for an SBA loan, requiring only 10% down, further enhances its appeal to investors seeking a secure, passive income stream. The property's established location, quality tenant mix, and ample parking contribute to its overall attractiveness. The Kings County Assessor's Parcel Number (APN) is 020-062-007.

Property Details for 333 Fox St

Property type
Warehouses, Retail properties
Square Feet
9,118 SF
Stories
1
Lot Size (sq. ft)
11,326 SF
Units
5

Location Insight

City
Lemoore
County
Kings
State
California
Latitude
36.3022966
Longitude
-119.7868381
333 Fox St, Lemoore, California

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333 Fox St
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