Property profile

29 Main St Porterville, CA 93257

OFF-MARKET
Turn key restaurants
Property ID
US09-5776855
3,752 SF 0.16 ac lot Built 1901
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional business opportunity in Porterville, CA, presents a rare chance to acquire a thriving establishment with an existing liquor license. Located at 29 N Main Street, this property boasts a prime location with high foot and vehicular traffic, ensuring consistent customer flow. The building offers 3,752 square feet of space, including a well-maintained, clean kitchen ideal for food service operations. Ample seating is available, with indoor capacity complemented by the potential for outdoor seating. The property includes 50 barstools and a 12-tap draft beer system, ready for immediate use. A significant advantage is the inclusion of a finished downstairs storage area, approximately 3700 square feet, providing substantial space for inventory, supplies, or additional business functions. The 0.16-acre lot offers potential for expansion or outdoor improvements. This turnkey operation is priced at $689,900 and represents a unique investment opportunity in a highly desirable commercial area. The existing infrastructure and established clientele provide a solid foundation for continued success and growth. Don't miss this chance to own a well-equipped and strategically located business with a valuable liquor license. Schedule a viewing to explore the full potential of this remarkable property.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1901
Construction TILT-UP CONCRETE
Total area 3,752 SF
Lot 0.16 ac (6,944 SF)
Zoning code DR-N
APN 261-121-002-000
UPID US09-5776855

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
  • Restaurant

Location

29 Main St Porterville, CA 93257-3711
Porterville metro Census 3802 VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$135k

Owner & transaction history

since 2025
Last sale
$545,000
7 recorded transactions
2025
$545,000
2023
$150,000
2019
Price N/A
2019
Price N/A
2018
$205,000
2018
Price N/A
2016
Price N/A

Zoning & alternative use

DR-N · Porterville, CA
Zoning description

DR-N Downtown Retail - North of Olive Avenue. Maintain the pedestrian- and transit- oriented environment of retail, restaurants, services, and government offices in the heart of Porterville’s Downtown, focused on Main St…

General category CIVIC_INSTITUTIONAL

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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