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559 N Main Street, Porterville, CA

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DetailMap
559 N Main Street

Porterville, CA 93257 - Porterville Submarket

(2.2 MB)

Property Type:Retail Sub Type:Auto Dealership Status:Existing Year Built:1985
Building Size:6,500 SF Land Area:.86 AC (37,266 SF)
For Sale Price:$345,000 Price/SF:$53.08
Cap Rate:8.68 %
Features:Bus Line


Great Main street location known as the former Kar Korral.

Showroom / Office: +/- 3,500 SF
Warehouse: +/- 3,000 SF

Sale Notes:
100% occupied ±6,500 Sq. Ft. Freestanding Retail and Office/Warehouse buildings in a well located high traffic area. Currently three quality tenants at below market rents. Features a functional floor plan that each tenant has made substantial tenant improvements to. Chad' s Auto Glass occupies ±1,500 SF,Uptown Physique occupies ±3,500 and Beto's Automotive occupies ±1,500 SF. Property currently has a total income of $44,400/year. Huge upside potential available. Very flexible zoning. Setup for an owner to secure tenants on longer terms with increases or as an owner-user.

Sale does NOT include business - they are wonderful tenants that will secure your investment.
Property well is located off Porterville' s Major East/West thoroughfare in downtown Porterville near Ford Motors, AAA, Rite Aid, State Farm, Bank of America, and other notable tenants. North of CA-190, South of Henderson Ave, and East of CA-65.


Highlights
Multi-tenant Building Fully Leased
Below Market Rents with Great Upside Potential
Between Downtown & Central District w/ Main Street Exposure
Great Downtown Location
Excellent Signage with 152' Frontage on N Main St
Well Maintained Building with an Excellent Downtown Presence
Utilities
Fenced Yard
Trailer Parking
Electricity/Power - 400 Amps, 3 Phase

KW Commercial
Jared Ennis
(559) 302-8698

Kevin Land
(559) 359-4035




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