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    FOR SALE
    Office buildings

    287 E Hermosa St, Lindsay, CA 93247

    2,878 SF 0.26 ac lot Built 1947
    Individually Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-5909263
    Property summary
    AI-generated overview

    This ±2,878 square foot freestanding office building is situated on a ±0.258-acre lot in Lindsay, California, at 287 E Hermosa St, 93247. The property boasts excellent street frontage and visibility, offering ample parking with five on-site stalls and additional street parking. Previously used as an accountant's office, the interior features a versatile open layout including a lobby, reception area, numerous large private offices, a breakroom, storage closet, and two restrooms. The building is well-maintained and offers significant potential for customization to suit a variety of needs. The property is conveniently located between CA-65 and CA-137, serving a population of approximately 174,644 residents within a 10-mile radius. The building is equipped with Ethernet/phone cabling throughout and is wireless internet ready. This presents an exceptional opportunity for owner-user occupancy or leasing, with potential for leasing out a portion of the space. The property is a strong candidate for an SBA loan. With a down payment of $36,000, the monthly payment is less than the cost of leasing comparable space. The building's prominent location and ample parking ensure a strong presence and excellent visibility within the community. The surrounding area features quality tenants, further enhancing the property's desirability.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING
    Year built 1947
    Construction TILT-UP CONCRETE
    Total area 2,878 SF
    Lot 0.26 ac (11,250 SF)
    Zoning code CC
    APN 205-253-007-000
    UPID US09-5909263
    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
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    Owner & transaction history
    Keith M Sprague · 20 yrs held
    Keith M Sprague
    since 2005
    2 recorded transactions
    2005
    $147,500
    1969
    Zoning & alternative use
    CC · Lindsay, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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