345 19Th AveLemoore, CA 93245
- Retail properties
- 2.05 AC
Property Details for 345 19Th Ave
- Year built
- 1966
- Lot size
- 2.05 AC
- Property type
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $18,609,178
- 6.5%
- $17,177,704
- 7%
- $15,950,725
-
Comparable approach
- Method
- Valuation
- Relative Method
- $29,881,568
- Geo Method
- $62,762,684
-
Alternative Use
- Use
- Valuation
- Residential
- $14,490,036
- Hospitality
- $13,272,795
- Educational
- $11,042,809
- Medical
- $11,422,589
- Retail
- $17,177,704
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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