8 Northgrand Ave Porterville, CA
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.