12461 Amethyst AveCutler, CA 93615

Property Details for 12461 Amethyst Ave

Year built

1900

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

3,194 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Retail space

APN

032-083-001-000

APU

32083001000

Description

This exceptional retail property located at 12461 Amethyst Avenue in Cutler, CA, presents a unique investment opportunity. The 3,194 square foot building sits on a 0.16-acre lot and is currently operating as a thriving convenience store. The property's strong income stream is enhanced by two separate rental spaces. A fully equipped kitchen within the main store generates $1,000 per month in rental income, while an additional 950 square foot shop space also commands a $1,000 monthly rental fee. This translates to a substantial $24,000 annual passive income stream. The existing convenience store is well-maintained and presents a clean, inviting atmosphere for customers. The property's significant potential for growth is undeniable, offering numerous avenues for expansion and increased profitability. The strategic location in Cutler, CA, provides excellent visibility and accessibility, ensuring a steady flow of customers. This turnkey operation is ideal for an investor seeking immediate returns and long-term appreciation. The asking price for this remarkable property is $675,000, representing a compelling investment opportunity in a thriving market. The property's current income stream, combined with its expansion potential, makes it an attractive proposition for savvy investors looking for a strong return on their investment. Don't miss this chance to acquire a profitable and versatile retail property with significant upside.

• CAP approach

  CAP return

  Valuation

  6%

  $665,618

  6.5%

  $614,417

  7%

  $570,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,068,812

  Geo Method

  $1,530,575

• Alternative Use

  Use

  Valuation

  Residential

  $518,284

  Hospitality

  $474,745

  Educational

  $394,982

  Medical

  $408,566

  Retail

  $614,417

Location Insight

City

Cutler

County

Tulare

State

California

Latitude

36.5278

Longitude

-119.294

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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