304 W Sequoia Cir, Porterville, CA 93257

Building Details

Year Built

2003

Listing office C21 Commercial k***@kw.com Show Phone

Listing date Feb 20, 2024

Source Crexi

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Overview

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.

Suggested Use

Building Supply Parking Lot & Garage HVAC Service Law Firm Gym & Fitness Center Storage Facility Furniture & Home Goods Carpet & Flooring Store Veterinary Clinic Home Appliance Store

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

Location Insight

• Map
• Local Demand

City

Porterville

County

Tulare

State

California

Longitude

-119.0234526

Latitude

36.0819238

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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.