770 Main StPorterville, CA 93257

Property Details for 770 Main St

Year built

1987

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

3,676 SF

Zone code

CG

Property type

Office buildings

APN

252-130-033-000

APU

252130033000

Description

This exceptional investment opportunity presents a 3,676 square foot, single-tenant medical building situated on a prominent corner lot at 770 N Main Street and W. Henderson Ave in Porterville, California. The property boasts excellent visibility due to its hard corner location and includes a convenient private parking lot for tenants and visitors. The building is currently leased to Parenting Network Inc., a reputable tenant affiliated with the Tulare County Family Resource Center Network, ensuring a stable income stream for the investor. The 0.22-acre lot provides ample space for the building and parking. This freestanding structure offers a secure and established investment in a growing community. The property's strong tenant occupancy and prime location make it an attractive proposition for discerning investors seeking a reliable and profitable addition to their portfolio. Financial details are available upon request. Serious inquiries only. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a desirable location. The building is well-suited for its current use and presents a stable investment opportunity with potential for future appreciation. Contact us today to learn more about this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $521,133

  6.5%

  $481,046

  7%

  $446,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $488,137

  Geo Method

  $699,028

• Alternative Use

  Use

  Valuation

  Residential

  $596,497

  Hospitality

  $546,388

  Educational

  $454,588

  Medical

  $470,222

  Retail

  $707,137

Location Insight

City

Porterville

County

Tulare

State

California

Latitude

36.0798

Longitude

-119.019

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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