316 Court StVisalia, CA 93291

Property Details for 316 Court St

Lot size

0.12 AC

Zone code

PA

Property type

Retail properties

Property subtype

Turn key restaurants

APN

094-281-001-000

APU

94281001000

Description

This exceptional commercial property, located at 316 N Court Street in Visalia, California (zip code 93291), presents a unique investment opportunity. The 1,189 square foot building sits on a larger 5,181 square foot lot, offering ample space and potential. Currently operating as a Mexican restaurant, "El Jardin," the property boasts both indoor and outdoor dining areas, along with convenient on-site parking. Its prime location in a high-traffic area, within walking distance of Visalia's Main Street and surrounded by popular restaurants, ensures high visibility and foot traffic. The property's versatility allows for various commercial uses, potentially including other food service establishments. The possibility of obtaining an ABC Beer license could further enhance the business potential. This property is ideal for a growing business owner, restaurant entrepreneur, or anyone seeking a strong commercial real estate investment in a thriving area of Visalia. The property is classified as Special Purpose, Industrial, and Land, with a manufacturing and commercial subtype. The asking price is $429,500.

• CAP approach

  CAP return

  Valuation

  6%

  $1,079,702

  6.5%

  $996,648

  7%

  $925,459

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,733,725

  Geo Method

  $2,482,752

• Alternative Use

  Use

  Valuation

  Residential

  $840,710

  Hospitality

  $770,086

  Educational

  $640,702

  Medical

  $662,737

  Retail

  $996,648

Location Insight

City

Visalia

County

Tulare

State

California

Latitude

36.3325

Longitude

-119.292

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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