This exceptional commercial property in Avenal, CA, presents a rare investment opportunity. Situated on a single 0.05-acre parcel, this property boasts two separate addresses: 227 and 229 Kings Street. The building at 229 Kings Street is currently occupied by an established and operational bakery, generating immediate rental income with a long-standing tenant. Adding to its financial strength, the unit at 227 Kings Street has recently been leased to a retail store, providing a second stream of consistent revenue. The combined square footage of both units totals 2,302 square feet, offering significant space for potential future expansion or redevelopment. Located in the heart of downtown Avenal, this property benefits from high visibility and convenient access to local businesses and amenities. The dual-address configuration on a single parcel simplifies ownership and management, making it an attractive proposition for investors seeking a diversified and stable income stream. This turnkey investment offers a compelling blend of immediate cash flow and long-term growth potential, making it an ideal addition to any commercial real estate portfolio. The property is priced at $225,000 and presents a unique chance to acquire a well-established, income-producing asset in a thriving downtown location. This is a truly exceptional opportunity not to be missed.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$404,669
6.5%
$373,541
7%
$346,859
Comparable approach
Method
Valuation
Relative Method
$473,809
Geo Method
$995,179
Alternative Use
Use
Valuation
Residential
$373,541
Hospitality
$342,161
Educational
$284,674
Medical
$294,465
Retail
$442,826
Location Insight
City
Avenal
County
Kings
State
California
Latitude
36.0027
Longitude
-120.135
CBSA code
25260
CBSA name
HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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