615 Main StVisalia, CA 93292

  • Commercial land
  • 0.23 AC
For Sale
$2,000,000 View listing

Property Details for 615 Main St

Lot size
0.23 AC
Zone code
CS
Property type
Commercial land
APN
094-234-010-000
APU
94234010000

Description

This exceptional 1.26-acre property at 615 E Main Street, Visalia, CA, presents a unique opportunity for mixed-use development. The expansive 54,712 square foot lot is ideally situated in the heart of downtown Visalia, offering unparalleled access to local amenities and high visibility. Currently zoned for mixed-use development, this site has already received city permit approval for a three-story building, streamlining the development process and minimizing potential delays. The substantial acreage allows for a variety of development options, catering to both commercial and residential needs. Imagine the possibilities: a vibrant mixed-use complex, a modern apartment building with ground-floor retail, or a unique commercial development tailored to the specific needs of the Visalia market. This prime location offers significant potential for substantial return on investment. The property's size and zoning flexibility make it an attractive proposition for developers seeking a high-impact project in a thriving downtown area. The existing city permit approval for a three-story structure significantly reduces the time and cost associated with obtaining necessary approvals, making this an exceptionally attractive opportunity for immediate development. Don't miss this chance to acquire a significant piece of Visalia's downtown landscape. The asking price is $2,000,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,405,390
    Retail / Commercial
    $1,659,340
    Mixed-Use / Specialty
    $1,584,920
    Hospitality / Lodging
    $1,073,620
    Office
    $1,504,150
    Institutional / Educational
    $1,623,190
    Residential Income
    $1,899,140
    Multifamily
    $2,657,480
    Automotive / Energy
    $1,391,310
    Parking / Income-Based Land
    $547,803
    Restaurant / Food Service
    $678,132
    Healthcare / Senior Housing
    $1,695,550

Location Insight

City
Visalia
County
Tulare
State
California
Latitude
36.3296
Longitude
-119.285
CBSA code
47300
CBSA name
VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$317
$28,690
-
$28,690
-
-
-
-

FAQs

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