This exceptional retail storefront opportunity is located at 1105 E. Prosperity Ave, Tulare, CA 93274, a high-traffic retail corridor in Tulare County. The property boasts a 1,000 square foot vacant space, perfect for a variety of retail uses. Its strategic southeast hard corner location at the intersection of Prosperity Avenue and Hillman Street provides unparalleled visibility and accessibility. The site benefits from its proximity to the 99 Freeway, with direct access from both the northbound and southbound on/off ramps on Hillman Street. This prime location ensures maximum exposure to a large customer base, capitalizing on the significant retail activity along Prosperity Avenue, which serves a majority of Tulare's retail needs. The property is classified as Retail, Land, and specifically as a Storefront with multiple tenancy possibilities. The total building square footage is currently zero, reflecting the available space for lease or development. This presents a unique opportunity for businesses seeking a high-visibility location with excellent freeway access in a thriving retail market. The property's address is easily accessible and highly visible to drivers and pedestrians alike.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$8,260,628
6.5%
$7,625,194
7%
$7,080,538
Comparable approach
Method
Valuation
Relative Method
$13,264,449
Geo Method
$18,995,136
Alternative Use
Use
Valuation
Residential
$6,432,137
Hospitality
$5,891,802
Educational
$4,901,910
Medical
$5,070,495
Retail
$7,625,194
Location Insight
City
Tulare
County
Tulare
State
California
Latitude
36.2255
Longitude
-119.33
CBSA code
47300
CBSA name
VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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