1357 K StTulare, CA 93274

  • Retail properties
  • 0.72 AC
For Sale
$1,500,000 View listing

Property Details for 1357 K St

Lot size
0.72 AC
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
181-020-041-000
APU
181020041000

Description

This exceptional retail opportunity presents a 30,791 square foot convenience store and gas station located at 1357 S K St, Tulare, CA 93274. Built in 1992 on a 0.71-acre lot, this single-story building boasts four gas pumps and a prime location near the intersection of E O Neal Ave and K St, ensuring high traffic volume. The property, operating as a successful grocery store for 30 years, is offered for sale at $1,500,000 ($48.72/sq ft). The sale includes both the real estate and the established business, presenting a unique owner-user investment opportunity. The current owner is retiring, providing a seamless transition for a new operator. The property features a recently acquired liquor license, further enhancing its revenue potential. This turnkey operation offers immediate cash flow and the potential for branding the gas pumps with major fuel suppliers like Chevron, Texaco, or ARCO. The property's long-standing success and strategic location make it an attractive investment for those seeking a profitable and established business. The APN is 181-020-041.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,511,556
    6.5%
    $6,010,667
    7%
    $5,581,334
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,455,889
    Geo Method
    $14,973,183
  • Alternative Use

    Use
    Valuation
    Residential
    $5,070,222
    Hospitality
    $4,644,296
    Educational
    $3,864,000
    Medical
    $3,996,889
    Retail
    $6,010,667
1357 K St, Tulare, California

Location Insight

City
Tulare
County
Tulare
State
California
Latitude
36.1935
Longitude
-119.344
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
$3,110
$98,810
$181,287
$280,097
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-
-
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