53 Cleveland AvePorterville, CA 93257

Property Details for 53 Cleveland Ave

Lot size

0.15 AC

Property type

Office buildings

APN

253-196-003-000

APU

253196003000

Description

This exceptional 1,740-square-foot freestanding retail building is located in the heart of Downtown Porterville, California, at 53 E Cleveland Ave, 93257. The property boasts a prime location directly beneath the new Tulare County District Attorney and Public Defender offices, ensuring high visibility and foot traffic. This single-tenant space features existing sinks from a previous beauty salon, offering potential for a variety of uses. Situated on a 0.14-acre lot, the two-story building is zoned D-PO Professional Office (APN 253-196-003, Tulare County). Its strategic placement within Porterville's busiest retail corridor, near Main and Olive streets, provides access to a substantial customer base. The property benefits from its proximity to a major highway, ensuring easy accessibility for motorists. A significant daytime population of approximately 43,236 people resides within a 2-mile radius, further enhancing its market appeal. The building's close proximity to the new, approximately 96,000-square-foot Porterville Courthouse adds to its desirability and potential for sustained success. This is a rare opportunity to acquire a well-positioned retail property in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $908,864

  6.5%

  $838,951

  7%

  $779,026

• Comparable approach

  Method

  Valuation

  Relative Method

  $851,318

  Geo Method

  $1,219,116

• Alternative Use

  Use

  Valuation

  Residential

  $1,040,299

  Hospitality

  $952,909

  Educational

  $792,809

  Medical

  $820,075

  Retail

  $1,233,258

Location Insight

City

Porterville

County

Tulare

State

California

Latitude

36.0704

Longitude

-119.015

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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