925 Merritt AveTulare, CA 93274

Property Details for 925 Merritt Ave

Year built

1992

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

2,095 SF

Zone code

C-2

Property type

Healthcare properties

Property subtype

Medical offices

APN

170-334-036-000

APU

170334036000

Description

This exceptional 2,095 square foot medical building presents a unique investment opportunity in Tulare, CA. Located at 925 E Merritt Avenue, the property sits on a 0.26-acre lot and is ideally suited for a variety of medical practices. The building's well-designed layout includes three spacious exam rooms, perfect for patient consultations and examinations. An aesthetic room provides a dedicated space for specialized treatments or procedures. Two restrooms ensure convenience for both staff and patients. A comfortable break room offers a dedicated space for staff relaxation and collaboration, while a separate chart room provides secure storage and organization of patient records. The building's functional design and prime location make it an attractive option for established medical practices seeking expansion or new ventures looking to establish a presence in a thriving community. The asking price is $600,000. This property offers a blend of functionality, convenience, and location, making it an exceptional investment opportunity in the heart of Tulare. Serious inquiries are encouraged. The property is available for sale or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $297,000

  6.5%

  $274,154

  7%

  $254,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $278,195

  Geo Method

  $398,385

• Alternative Use

  Use

  Valuation

  Residential

  $339,951

  Hospitality

  $311,394

  Educational

  $259,076

  Medical

  $267,986

  Retail

  $403,007

Location Insight

City

Tulare

County

Tulare

State

California

Latitude

36.2217

Longitude

-119.334

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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