287 Hermosa StLindsay, CA 93247

Property Details for 287 Hermosa St

Year built

1947

Construction

TILT-UP CONCRETE

Lot size

0.26 AC

Property size (Sq ft)

2,878 SF

Zone code

CC

Property type

Office properties

Property subtype

Office buildings

APN

205-253-007-000

APU

205253007000

Description

This ±2,878 square foot freestanding office building is situated on a ±0.258-acre lot in Lindsay, California, at 287 E Hermosa St, 93247. The property boasts excellent street frontage and visibility, offering ample parking with five on-site stalls and additional street parking. Previously used as an accountant's office, the interior features a versatile open layout including a lobby, reception area, numerous large private offices, a breakroom, storage closet, and two restrooms. The building is well-maintained and offers significant potential for customization to suit a variety of needs. The property is conveniently located between CA-65 and CA-137, serving a population of approximately 174,644 residents within a 10-mile radius. The building is equipped with Ethernet/phone cabling throughout and is wireless internet ready. This presents an exceptional opportunity for owner-user occupancy or leasing, with potential for leasing out a portion of the space. The property is a strong candidate for an SBA loan. With a down payment of $36,000, the monthly payment is less than the cost of leasing comparable space. The building's prominent location and ample parking ensure a strong presence and excellent visibility within the community. The surrounding area features quality tenants, further enhancing the property's desirability.

• CAP approach

  CAP return

  Valuation

  6%

  $408,003

  6.5%

  $376,619

  7%

  $349,717

• Comparable approach

  Method

  Valuation

  Relative Method

  $382,170

  Geo Method

  $547,280

• Alternative Use

  Use

  Valuation

  Residential

  $467,007

  Hospitality

  $427,776

  Educational

  $355,904

  Medical

  $368,145

  Retail

  $553,629

Location Insight

City

Lindsay

County

Tulare

State

California

Latitude

36.206

Longitude

-119.089

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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