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Property profile

8 Northgrand Ave Porterville, CA

OFF-MARKET
Mixed-use properties
544,064 SF 12.49 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses eight parcels totaling 12.49 acres of prime commercial real estate in Porterville, California. The property boasts a substantial 544,064 square feet of land zoned for retail and commercial use, offering significant development potential. Currently, the assemblage includes two single-family residences, one mobile home, and five vacant lots, providing immediate income streams and future expansion possibilities. The City of Porterville has officially confirmed the retail/commercial zoning designation for all eight parcels, ensuring a clear path for various development projects. This diverse portfolio presents a unique chance to acquire a large-scale property with existing income and substantial upside. The strategic location in Porterville offers excellent access to major transportation routes and a growing local market. Investors seeking a significant land holding with immediate return and long-term growth potential will find this offering particularly attractive. Note that a nearby pool store is not included in this sale. Serious inquiries only. Do not disturb tenants. All information provided is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence.

Property profile

Verified
Property type Mixed-use properties
Total area 544,064 SF
Lot 12.49 ac (544,064 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8 Northgrand Ave Porterville, CA
Porterville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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