Property profile

19 Follett St Lemoore, CA 93245

OFF-MARKET
Industrial properties
Property ID
US09-2251709
7,997 SF 0.14 ac lot Built 1948
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Property summary

AI-generated overview

This exceptional 7,997 square foot industrial property, situated on a 0.14-acre lot in Lemoore, California, presents a unique investment opportunity. Strategically located on the corner of Bush Street and Follett Street, this property boasts excellent street visibility and accessibility. Its prime location is just half a block from Veterans Memorial Park, within walking distance of Lemoore High School, and conveniently close to West Hills College, Naval Air Station Lemoore, Freedom Elementary, and Liberty Middle School. The property comprises two buildings: a 4,813 square foot sanctuary and a 3,184 square foot parsonage. The parsonage also features an unfinished 1,115 square foot basement. The land itself consists of four contiguous parcels totaling 36,600 square feet (020-142-009, 020-142-010, 020-142-011, and 020-142-018). Currently zoned Traditional Neighborhood Residential - RN, this property offers significant potential for repurposing. While previously used as a religious facility, its versatile zoning and ample space make it suitable for a wide range of permitted uses, particularly appealing to developers seeking to address the area's need for affordable housing. The property's size, location, and zoning regulations create a compelling opportunity for significant return on investment. This is a rare chance to acquire a substantial property in a rapidly growing area.

Property profile

Verified
Property type Industrial properties
Year built 1948
Total area 7,997 SF
Lot 0.14 ac (6,098 SF)
UPID US09-2251709

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Church
  • Church
  • High School

Location

19 Follett St Lemoore, CA 93245
Lemoore metro
Google Maps

Value estimations

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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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