1025 E Bardsley Ave, Unit Portfolio Tulare, CA 93274
- Manufacturing properties
- 79,470 SF
- 6.10 lot acres
Current Use by Public Records
- Saputo Cheese USA Inc. (work bardsley) / Cheese Manufacturer / Manufacturer
Property Details for 1025 E Bardsley Ave
- Year built
- 1986
- Construction
- TILT-UP CONCRETE
- Lot size
- 6.10 lot acres
- Property size
- 79,470 SF
- Zone code
- M-1
- Property type
- Manufacturing properties
- APN
- 181-070-051-000
- APU
- 181070051000
Description
This exceptional industrial property, located at 1025 E Bardsley Ave, Tulare, CA 93274, presents a unique investment opportunity. The 100,694 square foot facility sits on three contiguous parcels, strategically positioned along Bardsley Ave, approximately 255 feet west of Blackstone St. Currently configured as a cheese packaging plant, the property includes seven buildings and offers significant potential for repurposing. The sale will include a restrictive covenant prohibiting any dairy-related activities, opening the door for diverse industrial uses. The property is zoned M-1, allowing for a wide range of industrial applications. Its prime location in Tulare, California, benefits from proximity to the 99 Freeway, providing excellent access to major transportation routes. Tulare's industrial market is robust, driven by the region's agricultural sector, with warehousing and distribution playing a vital role. The submarket boasts 3.7 million square feet of specialized space, and despite a recent slight increase in vacancy (1.5%, up 1.3% year-over-year), approximately 540,000 square feet are currently under construction, indicating continued growth. The asking price is $5,030,000, translating to $49.95 per square foot. This represents a compelling opportunity to acquire a substantial industrial asset in a thriving market. The property's size, location, and zoning provide significant flexibility for a variety of industrial uses, making it an attractive investment for discerning buyers.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,710,000
- 6.5%
- $7,120,000
- 7%
- $6,610,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $5,008,000
Market price range: $1.61M - $6.23M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $8,500,000 Current use
- OFFICE BUILDING
- $10,250,000 Change: +21% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Tulare
- County
- Tulare
- State
- California
- Longitude
- -119.333
- Latitude
- 36.1954
- CBSA code
- 47300
- CBSA name
- VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
