1357 K StTulare, CA 93274
- Retail properties
- 0.72 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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