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    FOR SALE
    Retail space

    1549 Draper St, Kingsburg, CA 93631

    10,480 SF 0.32 ac lot Built 1948
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US09-3147385
    Property summary
    AI-generated overview

    This exceptional retail property, located at 1549 Draper Street in the heart of Historic Downtown Kingsburg, California, offers a unique investment opportunity. The building boasts a substantial 10,480 square feet of space, currently occupied by three established tenants, ensuring a steady income stream. The property sits on a 0.32-acre lot and enjoys nearly 100 feet of frontage along the vibrant Draper Street, providing excellent visibility and accessibility. Kingsburg's downtown area is renowned for its distinctive Swedish heritage, captivating architecture, and thriving community spirit. Draper Street itself is a bustling hub of local businesses, including shops, cafes, and restaurants, all contributing to the town's rich cultural tapestry. This prime location makes this property highly desirable for both owner-occupiers seeking a prominent presence in the community and investors looking for a stable, income-generating asset. The asking price of $1,850,000 reflects the property's exceptional value and potential for future growth within this sought-after Kingsburg location. This is a rare opportunity to acquire a significant piece of Kingsburg's historic downtown

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1948
    Construction TILT-UP CONCRETE
    Total area 10,480 SF
    Lot 0.32 ac (13,800 SF)
    Zoning code CC
    APN 396-072-09
    UPID US09-3147385
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Gustafson Properties INC · 6 yrs held
    Gustafson Properties INC
    since 2019
    2 recorded transactions
    2019
    1983
    $115,000
    Zoning & alternative use
    CC · Kingsburg, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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