231 Mirage Ave Lindsay, CA 93247-2543
- Office buildings
- 0.25 lot acres
Current Use by Public Records
- Office buildings
Property Details for 231 Mirage Ave
- Lot size
- 0.25 lot acres
- Property type
- Office buildings
- APN
- 205-235-004-000
- APU
- 205235004000
Description
This ±3,000 square foot medical office building in Lindsay, CA, presents a compelling investment opportunity. Located at 231 S Mirage Ave, this freestanding building sits on a 0.25-acre lot and boasts excellent street frontage and visibility. The property features two suites: a larger suite of approximately 2,000 square feet currently operating as a dental office, and a smaller suite of approximately 1,000 square feet. The larger suite includes an open layout with a reception area, three operatory rooms, two business offices, a kitchen area, three restrooms, and multiple storage closets. The smaller suite offers an open layout with a reception area, private offices, a small kitchen area, and restrooms. Both suites are currently occupied. The building also includes a private garage and a fenced rear parking lot with two shaded structures, providing ample parking for tenants and staff. The property is zoned PO - Professional Office and is in well-maintained condition, offering flexibility for future tenants or owner-occupancy. The building benefits from Ethernet/phone cabling throughout and is wireless internet ready. The asking price is $330,000, representing $110 per square foot. Seller financing options are available with a 25% down payment. The property's location is convenient, situated between CA-65 and CA-137 highways, serving a population of approximately 96,764 residents within a 10-mile radius. This property offers significant upside potential through leasing or owner-user occupancy. The APN is 205-235-004.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $300,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $285,000
- Mixed-Use
- $290,000
- Hospitality
- $300,000
- Educational
- $325,000
- Residential Income
- $310,000
- Energy
- $330,000
- Income-Based Land
- $290,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Lindsay
- County
- Tulare
- State
- California
- Longitude
- -119.088
- Latitude
- 36.2012
- CBSA code
- 47300
- CBSA name
- VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA