1357 K StTulare, CA 93274

Property Details for 1357 K St

Lot size

0.72 AC

Property type

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.

• 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

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