14683 RdPoplar-Cotton Center, CA 93257

Property Details for 14683 Rd

Lot size

0.38 AC

Property size (Sq ft)

5,600 SF

Property type

Specialty properties

Property subtype

Churches & religious facilities

Description

This exceptional value-add opportunity presents two buildings situated on two separate parcels (APN 237-124-005-000, 237-124-006) totaling approximately 5,600 square feet in Poplar, CA (93257). The property, zoned C-3 Commercial, includes a ±3,600 square foot commercial building, previously used as an open retail space, and a ±2,000 square foot residential unit/apartment. The apartment has recently commanded $700 per month in rent. Both buildings boast separate electric meters and offer ample parking with mature landscaping. The commercial building features an open layout suitable for various commercial uses, private rooms, and multiple entrance points. High-speed internet and ethernet/phone connections are readily available. The property sits on a 0.379-acre lot with road frontage on Road 192, providing excellent visibility and accessibility. This property is an ideal owner-user opportunity with built-in passive income, or a strong investment prospect, potentially qualifying for an SBA loan. The asking price is $250,000, representing a pro-forma cap rate of 7.63% and a pro-forma NOI of $19,075. The price per square foot is $44.64. The property's location in a central area of town, combined with its versatile configuration and potential for increased rental income, makes it a compelling investment. The open lot offers potential for expansion or additional parking.

Location Insight

City

Poplar-Cotton Center

County

Tulare

State

California

Latitude

36.0564

Longitude

-119.144

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