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    229 Kings St Avenal, CA 93204

    For Sale
    $225,000

    Dual-Address Retail Building, High Cash Flow

    Property size:
    2,302 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property in Avenal, CA, presents a rare investment opportunity. Situated on a single 0.05-acre parcel, this property boasts two separate addresses: 227 and 229 Kings Street. The building at 229 Kings Street is currently occupied by an established and operational bakery, generating immediate rental income with a long-standing tenant. Adding to its financial strength, the unit at 227 Kings Street has recently been leased to a retail store, providing a second stream of consistent revenue. The combined square footage of both units totals 2,302 square feet, offering significant space for potential future expansion or redevelopment. Located in the heart of downtown Avenal, this property benefits from high visibility and convenient access to local businesses and amenities. The dual-address configuration on a single parcel simplifies ownership and management, making it an attractive proposition for investors seeking a diversified and stable income stream. This turnkey investment offers a compelling blend of immediate cash flow and long-term growth potential, making it an ideal addition to any commercial real estate portfolio. The property is priced at $225,000 and presents a unique chance to acquire a well-established, income-producing asset in a thriving downtown location. This is a truly exceptional opportunity not to be missed.

    Property Features for 229 Kings St

    General Information

    Property type
    Retail properties
    Square Feet
    2,302 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    2007
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Irenne's Bakery Cake Shop

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Avenal
    County
    Kings
    State
    California
    Longitude
    -120.1354
    Latitude
    36.00269

    Nearby Comparable

    • $265,000
      1,570 SF

      Avenal Commercial Building - Huge Potential

      Downtown Avenal, Mixed-Use Opportunity, Renovation Needed
      225 Kings St, Avenal, CA 93204
      View Details
    • $90,000
      500 SF

      Avenal Retail Space: Prime Location

      Downtown Avenal retail building, 5 acres, high growth potential.
      223 Kings St, Avenal, CA 93204
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    • $475,000
      0.56 Acres

      Avenal Commercial Land Trio

      Three prime parcels, ideal location.
      0 Tulare St, Avenal, CA 93204
      View Details

    Nearby Similar for Sale

    • $265,000
      1,570 SF

      Avenal Commercial Building - Huge Potential

      Downtown Avenal, Mixed-Use Opportunity, Renovation Needed
      225 Kings St, Avenal, CA 93204
      View Details
    • $90,000
      500 SF

      Avenal Retail Space: Prime Location

      Downtown Avenal retail building, 5 acres, high growth potential.
      223 Kings St, Avenal, CA 93204
      View Details

    FAQs

    What type of property is this?
    Retail property - Dual-Address Retail Building, High Cash Flow
    Where is this retail property located?
    The property is located at 229 Kings St Avenal, CA.
    What is the asking price?
    The asking price for this property is $225,000.
    (888) 584-9427
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    229 Kings St Avenal, CA 93204
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