1555 19Th AveLemoore, CA 93245

Property Details for 1555 19Th Ave

Lot size

54.98 AC

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

024-051-024-000

APU

24051024000

Description

This exceptional 54.98-acre property in Lemoore, California, presents a significant opportunity for industrial development. Located at 1555 S 19th Ave, Lemoore, CA 93245 (APN 024-051-024), this land boasts a highly desirable ML zoning designation, permitting a wide range of uses including warehousing, manufacturing, distribution, commercial, and office space. Its strategic location offers easy access to major transportation arteries, situated just southeast of Highway 198 and CA-99, ensuring seamless logistics and efficient transportation. The property includes approximately 16 acres of existing pavement, ideal for immediate parking or future development. While several holding ponds are present, they are currently unused. The site is currently devoid of any structures of significant value. City water and sewer services are readily available nearby. This expansive parcel offers substantial potential for a variety of industrial projects, making it an attractive investment in a thriving California market. The property's size and zoning flexibility provide ample room for expansion and customization, catering to a diverse range of business needs. This is a rare opportunity to acquire a large, well-located industrial site in a rapidly growing area. The asking price is $3,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $421,004,896

  6.5%

  $388,619,904

  7%

  $360,861,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $492,935,552

  Geo Method

  $1,035,352,512

• Alternative Use

  Use

  Valuation

  Residential

  $388,619,904

  Hospitality

  $355,973,760

  Educational

  $296,165,984

  Medical

  $306,351,584

  Retail

  $460,702,624

Location Insight

City

Lemoore

County

Kings

State

California

Latitude

36.2739

Longitude

-119.801

CBSA code

25260

CBSA name

HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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