223 Kings StAvenal, CA 93204

Property Details for 223 Kings St

Year built

1973

Lot size

0.01 AC

Property size (Sq ft)

569 SF

Property type

Investment properties

Property subtype

Retail residential 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.

• 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

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