29 Main StPorterville, CA 93257

Property Details for 29 Main St

Year built

1901

Construction

TILT-UP CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

3,752 SF

Zone code

DR-N

Property type

Retail properties

Property subtype

Turn key restaurants

APN

261-121-002-000

APU

261121002000

Description

This exceptional business opportunity in Porterville, CA, presents a rare chance to acquire a thriving establishment with an existing liquor license. Located at 29 N Main Street, this property boasts a prime location with high foot and vehicular traffic, ensuring consistent customer flow. The building offers 3,752 square feet of space, including a well-maintained, clean kitchen ideal for food service operations. Ample seating is available, with indoor capacity complemented by the potential for outdoor seating. The property includes 50 barstools and a 12-tap draft beer system, ready for immediate use. A significant advantage is the inclusion of a finished downstairs storage area, approximately 3700 square feet, providing substantial space for inventory, supplies, or additional business functions. The 0.16-acre lot offers potential for expansion or outdoor improvements. This turnkey operation is priced at $689,900 and represents a unique investment opportunity in a highly desirable commercial area. The existing infrastructure and established clientele provide a solid foundation for continued success and growth. Don't miss this chance to own a well-equipped and strategically located business with a valuable liquor license. Schedule a viewing to explore the full potential of this remarkable property.

• CAP approach

  CAP return

  Valuation

  6%

  $781,904

  6.5%

  $721,757

  7%

  $670,203

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,255,536

  Geo Method

  $1,797,970

• Alternative Use

  Use

  Valuation

  Residential

  $608,829

  Hospitality

  $557,684

  Educational

  $463,987

  Medical

  $479,944

  Retail

  $721,757

Location Insight

City

Porterville

County

Tulare

State

California

Latitude

36.0657

Longitude

-119.017

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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