345 19th Ave Lemoore, CA 93245-9127

Property Details for 345 19th Ave

Year built

1966

Lot size

2.05 lot acres

Property type

Outlet malls

Property subtype

Shopping centers

APN

023-430-015-000

APU

23430015000

Description

This Lemoore, CA industrial property offers a unique investment opportunity. The 24,608 square foot Class B warehouse sits on approximately 2.05 acres and features four buildings, one story, and an 18-foot ceiling height. The property includes four loading docks and two dock-high doors, reflecting its suitability for various industrial uses. Zoned ML, the property boasts a strong history as a towing and storage business, with multiple revenue streams including RV storage, recycling tenant rental, and sales of unclaimed vehicles. Approximately 7,000 square feet could be easily converted back to cold storage, given its prior use as a beer distribution facility. The asking price is $2,000,000, translating to $81.27 per square foot. The property's APN is 023-430-015-000, and its address is 345 N 19th Ave, Lemoore, CA 93245. Seller financing is available with a 5% interest rate, 5-year term, 25-year amortization, and a minimum $600,000 down payment. The property's location offers potential rail access due to its proximity to rail lines. This presents a compelling opportunity for investors seeking a high-cash-flow, recession-resistant business with significant upside potential. The business generated approximately $463,000 in owner cash flow. The sale includes the real estate, a fleet of trucks valued at approximately $900,000, fixtures, furniture, and equipment, and the established business name. The business has over 19 employees and a history spanning over 25 years. The property's strong tenant history and diverse revenue streams make it an attractive investment.

Location Insight

City

Lemoore

County

Kings

State

California

Longitude

-119.8

Latitude

36.3017

CBSA code

25260

CBSA name

HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments