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    832 Olive Ave Porterville, CA 93257

    For Sale
    Contact for pricing

    Prime Commercial Land, Porterville, CA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2.18-acre commercial land parcel in Porterville, California, presents a unique investment opportunity. Comprising three separate legal parcels (APN: 251-202-006, 251-202-025, 251-202-032), the property is zoned RM3 and CG, offering flexibility for various commercial uses. The site includes a roughly 1,000-square-foot metal building, though its value is not included in the purchase price. Conveniently located on Olive Avenue near State Highway 65 ramps, this infill property benefits from excellent visibility and accessibility. It's less than half a mile from Porterville High School and approximately one mile from the downtown area, ensuring a strong daytime population due to its proximity to numerous retailers, restaurants (including Starbucks, Black Bear Diner, Auto Zone, O'Reilly Auto Parts, and Smart & Final), homes, and industrial properties. Existing infrastructure includes curb, gutter, and sidewalk, with utilities readily available on-site or nearby. This property is ideal for developers seeking a strategic location with high potential for growth and return on investment. The sale includes all three parcels, offering the potential for individual sale or development as a single cohesive unit.

    Property Features for 832 Olive Ave

    General Information

    Property type
    Land
    Lot Size
    94,961 SF

    HighLights

    • Excellent visibility on Olive Avenue near State Hwy 65 ramps in Porterville, CA.
    • Less than 0.5 miles from Porterville High School and 1 mile from Downtown Porterville.
    • Centrally located infill site near numerous national retailers and restaurants.
    • Strong daytime population due to nearby residential and industrial properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Kar Shop Inc Car Dealer RMC Automotive Mechanic Vision Glass Werx Auto Glass Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Porterville
    County
    Tulare
    State
    California
    Longitude
    -119.03576875748
    Latitude
    36.065998977642

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Porterville, CA
    Where is this land located?
    The property is located at 832 Olive Ave Porterville, CA.
    What are key features of this property?
    This property features: Excellent visibility on Olive Avenue near State Hwy 65 ramps in Porterville, CA.; Less than 0.5 miles from Porterville High School and 1 mile from Downtown Porterville.; Centrally located infill site near numerous national retailers and restaurants.
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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
    832 Olive Ave Porterville, CA 93257
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