112 Locust StVisalia, CA 93291

Property Details for 112 Locust St

Year built

1911

Construction

TILT-UP CONCRETE

Lot size

0.24 AC

Property size (Sq ft)

9,920 SF

Zone code

CDT

Property type

Retail properties

Property subtype

Retail space

APN

094-325-012-000

APU

94325012000

Description

This exceptional multi-tenant retail property, encompassing approximately 10,000 square feet, is ideally situated in the vibrant heart of downtown Visalia, California. The property features two available retail spaces ranging from 1,400 to 3,000 square feet each, boasting open layouts and high ceilings, making them suitable for a variety of businesses. Potential tenants could include franchise restaurants, medical offices, or other retail establishments. The building's prime location offers excellent signage opportunities at key intersections, and its general zoning allows for flexible use. Convenient alleyway access provides easy loading and unloading for tenants. The property benefits from strong co-tenancy with established businesses such as Chase Bank and a Marriott hotel located at the rear, and the Kaweah Medical Regional Hospital situated at the southeast corner of Locust Street. This strategic location ensures high visibility and consistent 24-hour foot and vehicle traffic, creating a highly desirable environment for businesses seeking a thriving retail presence in Visalia. The address is 112 S Locust St, Visalia, CA 93291.

• CAP approach

  CAP return

  Valuation

  6%

  $2,067,293

  6.5%

  $1,908,270

  7%

  $1,771,965

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,319,542

  Geo Method

  $4,753,696

• Alternative Use

  Use

  Valuation

  Residential

  $1,609,698

  Hospitality

  $1,474,474

  Educational

  $1,226,745

  Medical

  $1,268,935

  Retail

  $1,908,270

Location Insight

City

Visalia

County

Tulare

State

California

Latitude

36.3295

Longitude

-119.293

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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