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Property profile & analytics
OFF-MARKET Estimated value $905,000
Turn key restaurants

134 Main St Porterville, CA 93257-3714

8,438 SF 0.15 ac lot Built 1982
Trust Owned 16-yr Hold ~ Est. High Equity
Property ID
US09-5776957
Property summary
AI-generated overview

This ±987 square foot retail space is located at 134 N Main St, Porterville, CA 93257, in Tulare County. Situated in a high-traffic area of Porterville's main retail corridor, this single-tenant property benefits from its proximity to the new Tulare County District Attorney and Public Defender offices, and the new ±96,000 square foot Porterville Courthouse. The space boasts existing water and drain improvements and includes equipment such as two freezers, a three-piece sink, a prep table, a point-of-sale counter and system, and chairs and booths (formerly Spoon's Frozen Yogurt). This location offers excellent visibility and accessibility, with easy access to a major highway. The property is part of a larger building totaling 8,438 square feet. A daytime population of approximately 15,000 people resides within two miles, ensuring a strong customer base. This versatile space is suitable for various retail, office, or restaurant uses, including traditional office, creative office, and medical office configurations.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1982
Construction WOOD
Total area 8,438 SF
Lot 0.15 ac (6,600 SF)
Zoning code DR-N
APN 253-172-002-000
UPID US09-5776957
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Subway Take-out & Catering
  • Melvin's Tire & Auto Services (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$789k
Blend (final) Blend
$905k
Owner & transaction history
Basra Avtar & Lakhinder Trust · 16 yrs held
Basra Avtar & Lakhinder Trust
since 2010
7 recorded transactions
2012
Price N/A
2011
Price N/A
2010
Price N/A
2002
$115,000
2002
Price N/A
1989
$107,500
1969
Price N/A
Zoning & alternative use
DR-N · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

DR-N Downtown Retail - North of Olive Avenue. Maintain the pedestrian- and transit- oriented environment of retail, restaurants, services, and government offices in the heart of Porterville’s Downtown, focused on Main Street. Maintain the traditional Downtown character, with buildings built immediately adjacent to the sidewalk, active commercial uses on the…

Zone name Downtown Retail North Of Olive Avenue
General category CIVIC_INSTITUTIONAL
Zone area 22.83 ac
Source 100.01: TITLE AND AUTHORITY:
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