601 Laneva BlvdAvenal, CA 93204

Property Details for 601 Laneva Blvd

Lot size

0.45 AC

Property type

Retail properties

Property subtype

Gas stations

APN

040-191-001-000

APU

40191001000

Description

This exceptional commercial land opportunity presents 19,545 square feet of prime real estate located at 601 E Laneva Blvd, Avenal, CA 93204 (APN 040191001). Situated in Kings County, this property boasts a highly desirable location at the entrance to Avenal's commercial downtown district, offering excellent visibility and accessibility. The lot is zoned for Commercial Downtown District use, providing a wide range of development possibilities. The property features significant highway frontage on Highway 33, ensuring high traffic exposure for any future business. While an existing building is present on the site, it is currently not occupiable. Interested parties should contact the City of Avenal directly to inquire about the requirements and possibilities for utilizing or redeveloping the existing structure. This large corner lot presents a unique chance to establish a thriving business in a vibrant commercial area. The asking price for this exceptional property is $199,900. Don't miss this opportunity to secure a prominent location in Avenal's bustling commercial heart.

• CAP approach

  CAP return

  Valuation

  6%

  $4,073,109

  6.5%

  $3,759,793

  7%

  $3,491,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,540,368

  Geo Method

  $13,737,266

• Alternative Use

  Use

  Valuation

  Residential

  $3,171,526

  Hospitality

  $2,905,101

  Educational

  $2,417,010

  Medical

  $2,500,134

  Retail

  $3,759,793

Location Insight

City

Avenal

County

Kings

State

California

Latitude

36.0022

Longitude

-120.139

CBSA code

25260

CBSA name

HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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