231 Mirage AveLindsay, CA 93247
- Office properties
- 0.25 AC
Property Details for 231 Mirage Ave
- Lot size
- 0.25 AC
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 205-235-004-000
- APU
- 205235004000
Description
This ±3,000 square foot medical office building in Lindsay, CA, presents a compelling investment opportunity. Located at 231 S Mirage Ave, this freestanding building sits on a 0.25-acre lot and boasts excellent street frontage and visibility. The property features two suites: a larger suite of approximately 2,000 square feet currently operating as a dental office, and a smaller suite of approximately 1,000 square feet. The larger suite includes an open layout with a reception area, three operatory rooms, two business offices, a kitchen area, three restrooms, and multiple storage closets. The smaller suite offers an open layout with a reception area, private offices, a small kitchen area, and restrooms. Both suites are currently occupied. The building also includes a private garage and a fenced rear parking lot with two shaded structures, providing ample parking for tenants and staff. The property is zoned PO - Professional Office and is in well-maintained condition, offering flexibility for future tenants or owner-occupancy. The building benefits from Ethernet/phone cabling throughout and is wireless internet ready. The asking price is $330,000, representing $110 per square foot. Seller financing options are available with a 25% down payment. The property's location is convenient, situated between CA-65 and CA-137 highways, serving a population of approximately 96,764 residents within a 10-mile radius. This property offers significant upside potential through leasing or owner-user occupancy. The APN is 205-235-004.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,569,920
- 6.5%
- $1,449,157
- 7%
- $1,345,646
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,470,518
- Geo Method
- $2,105,832
-
Alternative Use
- Use
- Valuation
- Residential
- $1,796,955
- Hospitality
- $1,646,001
- Educational
- $1,369,453
- Medical
- $1,416,551
- Retail
- $2,130,261
Location Insight
- City
- Lindsay
- County
- Tulare
- State
- California
- Latitude
- 36.2012
- Longitude
- -119.088
- CBSA code
- 47300
- CBSA name
- VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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