41 Main StPorterville, CA 93257

  • Retail properties
  • 0.14 AC
For Lease
$9.60/SF/YR View listing

Property Details for 41 Main St

Lot size
0.14 AC
Property type
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
41 Main St, Porterville, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,730
$63,871
$95,808
$159,679
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