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Property profile

0 Indianna & Springville Dr Porterville, CA 93257

OFF-MARKET
Land
2.98 ac lot
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Property summary

AI-generated overview

This exceptional 2.98-acre parcel, located at the southeast corner of Indianna and Springville Drive in Porterville, California (zip code 93257), presents a remarkable investment opportunity. The property boasts a mixed-use zoning designation (APN 260060006000), allowing for diverse development possibilities. Its strategic corner location provides convenient access from two major streets, enhancing visibility and accessibility for any future development. The land is priced at $599,000, translating to approximately $201,006.71 per acre. Given the current market demand for apartments in the area, this location offers significant potential for residential development, alongside other commercial ventures permitted under the mixed-use zoning. The property is offered with 100% ownership. This is a rare opportunity to acquire a substantial land parcel in a growing California market, ideal for investors seeking to capitalize on the region's development potential. Detailed zoning information and development guidelines are readily available upon request. This property is ready for your vision.

Property profile

Verified
Property type Land
Lot 2.98 ac (129,809 SF)

Cap rate & NOI

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

Location

Indianna & Springville Dr Porterville, CA 93257
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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