27525 Avenue 146Porterville, CA 93257

Property Details for 27525 Avenue 146

Year built

1996

Construction

WOOD

Lot size

0.90 AC

Property size (Sq ft)

4,740 SF

Property type

Retail space

APN

264-010-004-000

APU

264010004000

Description

This exceptional commercial building, situated on a 0.9-acre lot in Porterville, California, presents a compelling investment opportunity. The 39,204 square foot property boasts three fully occupied units, each generating consistent rental income. The diverse tenant mix ensures a stable revenue stream, minimizing vacancy risk. The building itself is well-maintained and provides a functional space for its current tenants, attracting both local clientele and visitors. The strategic location offers significant advantages, with an empty lot directly across the street presenting a unique opportunity for expansion. This vacant land could accommodate the construction of an additional commercial building, substantially increasing the property's value and rental income potential. The current tenants are established businesses, contributing to the property's low vacancy risk and providing a solid foundation for future growth. The potential for future rental rate increases further enhances the investment's appeal. This property offers a reliable income stream in a growing area, making it an attractive option for investors seeking a stable and potentially lucrative return on investment in a desirable rural setting. The combination of existing income and expansion potential makes this a truly unique opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $987,799

  6.5%

  $911,815

  7%

  $846,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,586,152

  Geo Method

  $2,271,423

• Alternative Use

  Use

  Valuation

  Residential

  $769,150

  Hospitality

  $704,537

  Educational

  $586,167

  Medical

  $606,326

  Retail

  $911,815

Location Insight

City

Porterville

County

Tulare

State

California

Latitude

36.0547

Longitude

-118.956

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, 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].