345 19Th AveLemoore, CA 93245

Property Details for 345 19Th Ave

Year built

1966

Lot size

2.05 AC

Property type

Outlet malls

APN

023-430-015-000

APU

23430015000

Description

This Lemoore, CA industrial property offers a unique investment opportunity. The 24,608 square foot Class B warehouse sits on approximately 2.05 acres and features four buildings, one story, and an 18-foot ceiling height. The property includes four loading docks and two dock-high doors, reflecting its suitability for various industrial uses. Zoned ML, the property boasts a strong history as a towing and storage business, with multiple revenue streams including RV storage, recycling tenant rental, and sales of unclaimed vehicles. Approximately 7,000 square feet could be easily converted back to cold storage, given its prior use as a beer distribution facility. The asking price is $2,000,000, translating to $81.27 per square foot. The property's APN is 023-430-015-000, and its address is 345 N 19th Ave, Lemoore, CA 93245. Seller financing is available with a 5% interest rate, 5-year term, 25-year amortization, and a minimum $600,000 down payment. The property's location offers potential rail access due to its proximity to rail lines. This presents a compelling opportunity for investors seeking a high-cash-flow, recession-resistant business with significant upside potential. The business generated approximately $463,000 in owner cash flow. The sale includes the real estate, a fleet of trucks valued at approximately $900,000, fixtures, furniture, and equipment, and the established business name. The business has over 19 employees and a history spanning over 25 years. The property's strong tenant history and diverse revenue streams make it an attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $15,827,400

  6.5%

  $14,609,900

  7%

  $13,566,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,332,100

  Geo Method

  $25,902,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $29,983,300

  Mixed-Use / Specialty

  $13,954,700

  Hospitality / Lodging

  $9,452,850

  Office

  $13,243,600

  Institutional / Educational

  $14,291,700

  Residential Income

  $16,721,300

  Multifamily

  $23,398,300

  Automotive / Energy

  $12,250,000

  Parking / Income-Based Land

  $4,823,220

  Restaurant / Food Service

  $5,970,730

  Healthcare / Senior Housing

  $14,928,800

Location Insight

City

Lemoore

County

Kings

State

California

Latitude

36.3017

Longitude

-119.8

CBSA code

25260

CBSA name

HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].