223 Kings StAvenal, CA 93204

  • Mixed-use properties
  • 569 SF
For Sale
$90,000 View listing

Property Details for 223 Kings St

Year built
1973
Lot size
0.01 AC
Property size (Sq ft)
569 SF
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
040-175-023-000
APU
40175023000

Description

This exceptional 500-square-foot retail property, situated on a generous 5-acre lot at 223 Kings Street in Avenal, California, presents a compelling investment opportunity. Currently configured as a water store, the building's adaptable layout allows for a diverse range of commercial uses. Its prime downtown location places it at the heart of Avenal's ongoing revitalization efforts, offering significant potential for future appreciation. The town's commitment to regentrify its core business district makes this a particularly attractive proposition for investors seeking early entry into a burgeoning market. The compact yet efficient design of the 500-square-foot building ensures practicality and functionality for a variety of businesses. Whether continuing its current use as a water store or adapting it to a new commercial venture, this property offers a solid foundation for success. The substantial 5-acre lot provides ample space for expansion or future development, further enhancing its long-term value. This is a rare chance to acquire a well-positioned commercial property in a town experiencing significant positive change. The asking price of $90,000 reflects the exceptional value and growth potential this property offers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $100,025
    6.5%
    $92,330
    7%
    $85,735
  • Comparable approach

    Method
    Valuation
    Relative Method
    $117,114
    Geo Method
    $245,985
  • Alternative Use

    Use
    Valuation
    Residential
    $92,330
    Hospitality
    $84,574
    Educational
    $70,365
    Medical
    $72,785
    Retail
    $109,456
223 Kings St, Avenal, California

Location Insight

City
Avenal
County
Kings
State
California
Latitude
36.0027
Longitude
-120.136
CBSA code
25260
CBSA name
HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$139
$961
$12,129
$13,090
-
-
-
-

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