223 Kings StAvenal, CA 93204
- Mixed-use properties
- 569 SF
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
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
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].