304 W Sequoia Cir Porterville, CA 93257
Multi-tenant building with value-add potential near Henderson Ave & Main St.
Type:Retail
Property size:
4,324 SFLot size:
0.36 Acres- Added:
- Feb 20, 2024
- Days on Market:
- 787
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 304 W Sequoia Cir
General Information
- Standard status
- Active
- Size
- 4,324 SF
- Lot size
- 0.36 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing agent Jared Ennis License #CA
Listing office C21 Commercial
Listing date Feb 20, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of C21 Commercial
Overview
Retail/Flex Building Investment Opportunity
This multi-tenant investment opportunity features a freestanding building constructed in 2003, totaling approximately 4,600 square feet and situated on approximately 0.36 acres. The property offers retail or flex spaces located off Henderson Avenue and Main Street. It comprises two separate spaces with unique addresses, currently leased to long-term tenants under Modified Gross lease agreements. The property presents a value-add opportunity with the potential to increase income. The spaces are easy to rent within an under-built market that demonstrates a strong need for this type of space. The property offers flexibility with 1,741 and 2,859 square foot spaces, which can be combined if desired. The spaces are clean, featuring newer paint, hard-surface flooring, LED lighting, newer HVAC units, a quality roof, and new doors, hinges, and fixtures. The building provides access to high-speed internet, separate meters, private ADA restrooms, private entrances, and outdoor LED lights. It also includes demising walls that can be combined. The building offers a full exterior lit private parking area with 23 spaces, plus street parking, existing signage, visibility, and easy access to CA-65 ramps.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Built For Life Inc
Gym & Fitness Center
Location Insight
- Map
- Local Demand
- City
- Porterville
- County
- Tulare
- State
- California
- Longitude
- -119.0234526
- Latitude
- 36.0819238
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Multi-tenant building with value-add potential near Henderson Ave & Main St.
Where is this retail space located?
The property is located at 304 W Sequoia Cir Porterville, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Value‑add opportunity to increase gross annual income to $74,519 within 6‑12 months.; Potential 8.7% CAP rate and 10.95% cash‑on‑cash return once stabilized.; Flexible investment: suitable for owner/user occupancy or lease extension.
