229 Kings StAvenal, CA 93204

Property Details for 229 Kings St

Year built

2007

Construction

WOOD

Lot size

0.05 AC

Property size (Sq ft)

2,302 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

040-175-025-000

APU

40175025000

Description

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.

• 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

Property Tax & Assessments

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