8 Northgrand Ave Porterville, CA 93257
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, presenting a diverse range of possibilities for immediate income generation and future expansion. 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 presents a unique chance to acquire a large-scale property in a growing area. The existing structures provide immediate cash flow, while the vacant land allows for future construction or expansion of existing businesses. The property's size and zoning make it ideal for a variety of commercial ventures, from retail shops and restaurants to light industrial uses. This is a rare opportunity to acquire a significant land holding in a desirable location with confirmed zoning, offering substantial returns for a savvy investor. Please note that the pool store adjacent to the property is not included in this sale. Serious inquiries only. Do not disturb tenants.
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.