1162 Leland AveTulare, CA 93274

Property Details for 1162 Leland Ave

Lot size

0.35 AC

Property type

Office properties

Property subtype

Office buildings

APN

149-130-049-000

APU

149130049000

Description

This exceptional 15,822 square foot commercial lot is situated at 1162 Leland Avenue in Tulare, California, 93274 (APN 149-130-049). Located within the Del Lago Professional Center, this property presents a rare opportunity to acquire one of the last remaining undeveloped parcels in a thriving area. Its convenient Leland Avenue location, directly off Hillman Street, provides excellent visibility and accessibility. The property benefits from proximity to numerous shopping centers, including the Tulare Outlet Mall and Plaza Del Lago, ensuring high foot traffic and consumer accessibility. The location in North Tulare offers easy access to Visalia via Hillman Street or Demaree Street. The asking price for this prime commercial lot is $237,330. This is a unique chance to build in a well-established and rapidly growing commercial area. The property's size and location make it suitable for a variety of commercial developments. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,141,664

  6.5%

  $1,976,920

  7%

  $1,835,712

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,006,061

  Geo Method

  $2,872,747

• Alternative Use

  Use

  Valuation

  Residential

  $2,451,381

  Hospitality

  $2,245,452

  Educational

  $1,868,190

  Medical

  $1,932,440

  Retail

  $2,906,072

Location Insight

City

Tulare

County

Tulare

State

California

Latitude

36.2299

Longitude

-119.329

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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