223 Kings St Avenal, CA 93204-1532
This exceptional 500-square-foot retail property, situated on a generous 5-acre lot at 223 Kings Street in Avenal, California, presents a compelling investment opportunity. Currently configured as a water store, the building's adaptable layout allows for a diverse range of commercial uses. Its prime downtown location places it at the heart of Avenal's ongoing revitalization efforts, offering significant potential for future appreciation. The town's commitment to regentrify its core business district makes this a particularly attractive proposition for investors seeking early entry into a burgeoning market. The compact yet efficient design of the 500-square-foot building ensures practicality and functionality for a variety of businesses. Whether continuing its current use as a water store or adapting it to a new commercial venture, this property offers a solid foundation for success. The substantial 5-acre lot provides ample space for expansion or future development, further enhancing its long-term value. This is a rare chance to acquire a well-positioned commercial property in a town experiencing significant positive change. The asking price of $90,000 reflects the exceptional value and growth potential this property offers.
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
Property description
Physical attributes from public recordsZoning & alternative use
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.