700 Prospect St Porterville, CA 93257

This exceptional 5-acre commercial development site, known as Pomegranate Plaza, presents a compelling investment opportunity in Porterville, CA. Located at 700 N Prospect St (APN 251-120-040-000), this fee-simple property boasts 217,800 square feet of level land and an impressive 435 feet of frontage on Prospect Street, a thoroughfare with high daily traffic volume. The property is zoned RC - Retail Center, allowing for a wide range of potential uses, including religious facilities, auto sales, banking, building materials sales, theaters, food and entertainment venues, hotels, medical offices, general office space, retail stores, and storage facilities. Some uses may require a Conditional Use Permit. The site benefits from its strategic location within an established retail corridor, surrounded by major national retailers such as Target, Kohl's, PetSmart, Ulta, Marshalls, Jamba Juice, McDonald's, Big 5, and Panera Bread. Furthermore, the property's proximity to a new casino near the airport promises to attract a significant influx of visitors. Porterville's central location along State Highway 65, midway between Fresno and Bakersfield, and its proximity to Highway 99, provide easy access to major transportation routes and central valley markets. The city serves a population of approximately 55,000 residents, plus a substantial number of residents from nearby communities. The site is conveniently located near affluent residential neighborhoods with high disposable income, including Westfield and West Porterville. The asking price for this remarkable development opportunity is $2,000,000.