41 MainPorterville, CA 93257

Property Details for 41 Main

Lot size

0.14 AC

Property type

Retail space

APN

253-171-001-000

APU

253171001000

Description

Two fully remodeled retail storefront spaces totaling 2,500 square feet are available for lease in downtown Porterville, California. Located at 41 N Main Street, this property boasts a prime location directly across from "Main and Main," ensuring high visibility and foot traffic. The building, constructed in 1980 and extensively renovated in 2018, offers a total of 5,500 square feet across two suites, each with separate addresses and electrical meters. Each space features approximately 2,500 square feet (the exact size may vary slightly) and includes quality hard-surface flooring, fresh paint, a secure steel rear door, and a refreshed entry. The layout comprises an open front showroom area, a rear storage area, and a restroom. Ample parking is available on three sides of the building: direct private parking, additional public stalls in front, and a rear loading area with more private parking. The 0.14-acre lot is zoned DR-N (Retail North of Olive), allowing for flexible general commercial uses. This exceptional property offers great access, an excellent location, and unparalleled visibility, making it an ideal opportunity for businesses seeking a thriving downtown Porterville presence. The property's APN is 253-171-001, located in Tulare County, CA, 93257, and is situated near the cross street of Olive Ave. The single-story building is move-in ready.

• CAP approach

  CAP return

  Valuation

  6%

  $1,279,138

  6.5%

  $1,180,742

  7%

  $1,096,404

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,053,967

  Geo Method

  $2,941,349

• Alternative Use

  Use

  Valuation

  Residential

  $996,000

  Hospitality

  $912,331

  Educational

  $759,049

  Medical

  $785,153

  Retail

  $1,180,742

Location Insight

City

Porterville

County

Tulare

State

California

Latitude

36.066

Longitude

-119.017

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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