221 G StPorterville, CA 93257

Property Details for 221 G St

Year built

1986

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

970 SF

Property type

Office buildings

APN

252-235-008-000

APU

252235008000

Description

This exceptional 950-square-foot Class A medical office building in Porterville, California, presents a unique investment opportunity. Located at 221 N G St, 93257, this single-story, freestanding building sits on a 0.11-acre lot and boasts a desirable modified lease type with single tenancy. Constructed in 1986, the property features a spacious waiting room/lobby, three exam rooms complete with sinks and counter space, a front and back office with refrigerator hookups, and a restroom. The building's strategic positioning maximizes rear parking and street signage visibility. The property is situated in a well-established, secure, and landscaped professional office environment, offering ample private parking. The asking price is $399,000, translating to $420 per square foot. The property is zoned PO - Professional Office and includes the potential for equipment inclusion. Conveniently located with easy access to CA-65 and Olive Avenue, this turnkey office building offers a mature, low-maintenance landscape and ample street parking. This is an ideal opportunity for a medical professional seeking a private, established location with excellent signage potential. The APN is 252-235-008.

• CAP approach

  CAP return

  Valuation

  6%

  $137,513

  6.5%

  $126,935

  7%

  $117,869

• Comparable approach

  Method

  Valuation

  Relative Method

  $128,806

  Geo Method

  $184,455

• Alternative Use

  Use

  Valuation

  Residential

  $157,400

  Hospitality

  $144,177

  Educational

  $119,954

  Medical

  $124,079

  Retail

  $186,595

Location Insight

City

Porterville

County

Tulare

State

California

Latitude

36.0697

Longitude

-119.023

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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