2006 Olive Ave Porterville, CA 93257-2728
This exceptional 0.76-acre (approximately 33,106 square feet) commercial land parcel presents a prime retail development opportunity in Porterville, California. Located at the highly visible corner of West Olive Avenue and Mathew Street, this shovel-ready site benefits from existing infrastructure, including in-place utilities (water, sewer, power, gas), curb, gutter, sidewalks, and drive approaches. The property's strategic location offers unparalleled visibility from major thoroughfares, with easy access to CA-65 and CA-190 off-ramps. Its square shape (approximately 166 feet wide by 158 feet deep) allows for efficient development. The CR (Retail Centers) zoning permits a wide range of uses, including convenience stores, car washes, hotels, restaurants, food markets, retail strip centers, and professional offices. This infill location is surrounded by established businesses and enjoys high consumer traffic and exposure. The property's excellent access, ample road capacity, and conformity to city policies make it an ideal investment for developers seeking a readily developable site in a thriving area. The site is situated near many existing and planned developments, offering further growth potential. Proximity to public transportation adds to its appeal. This is a rare opportunity to acquire a high-identity, corner lot in a high-traffic area of Porterville. The asking price is $595,000. The Assessor's Parcel Number (APN) is 245-294-017.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CR · Porterville, CAPorterville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.