586 Main StPorterville, CA 93257

Property Details for 586 Main St

Lot size

0.33 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

253-023-010-000

APU

253023010000

Description

This exceptional 1.92-acre commercial land parcel presents a unique development opportunity in Porterville, CA. Located at 586 N Main St, this property boasts 293 feet of Main Street frontage, offering unparalleled visibility and exposure to high traffic volumes. The site comprises six parcels and a former city street, now deeded and ready for development. The property benefits from existing infrastructure including curb, gutter, sidewalk, electricity, gas, sewer, and city water meters. Its strategic location within Porterville's major retail area, near Henderson and Morton Avenues, places it amongst numerous national retailers. Daily traffic counts exceed 52,703 vehicles on Main Street, Henderson Avenue, and Morton Avenue, ensuring high consumer traffic and visibility. The CG (General & Service Commercial) zoning allows for flexible development options, making it ideal for a variety of uses, including fast food, fuel stations, hotels, supermarkets, and more. The property's proximity to major corridors servicing the college, airport, downtown, and schools further enhances its appeal. This is a ready-to-develop site with significant potential for high returns. APN: 253-037-10, 253-037-01, 253-023-10, 253-023-09, 253-023-08. The property is zoned CG (General & Service Commercial) and is located in Tulare County, zip code 93257.

• CAP approach

  CAP return

  Valuation

  6%

  $2,962,356

  6.5%

  $2,734,482

  7%

  $2,539,162

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,756,784

  Geo Method

  $6,811,874

• Alternative Use

  Use

  Valuation

  Residential

  $2,306,638

  Hospitality

  $2,112,868

  Educational

  $1,757,881

  Medical

  $1,818,338

  Retail

  $2,734,482

Location Insight

City

Porterville

County

Tulare

State

California

Latitude

36.0764

Longitude

-119.017

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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