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Property profile & analytics

36 E Mill Ave Porterville, CA 93257

  • Sports & entertainment properties
  • 13,480 SF
  • 0.42 lot acres
For Sale
Last Sale
Oct 23, 2023
$215,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US09-5961965
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Porter Theatre / Drama Theater
  • Cruzita's flower shop / Florist / Flower Delivery

Property Details for 36 E Mill Ave

Year built
1948
Construction
TILT-UP CONCRETE
Lot size
0.42 lot acres
Property size
13,480 SF
Zone code
C-2
Property type
Sports & entertainment properties
APN
253-182-009-000
APU
253182009000

Description

This exceptional 13,480 square foot commercial property, situated on a 0.43-acre lot (18,700 square feet), presents a unique investment opportunity in Porterville's vibrant historic downtown district. Located on a busy corner lot just one block from Main Street, the existing building currently functions as a freestanding theatre/concert hall. Investors have the option to rehabilitate this existing structure or pursue a complete redevelopment, capitalizing on the significant potential of this high-traffic location. The property's current zoning is listed as C-2 (Recreational, Bowl, Golf, Theatre), although the City of Porterville Zoning Map indicates DR-N (Retail-North of Olive). Prospective buyers are strongly encouraged to independently verify zoning information with the City of Porterville to explore all future development possibilities. The property's strategic location within an Opportunity Zone further enhances its investment appeal, offering potential tax advantages. This is a rare chance to acquire a substantial property in a growing community with a rich history and promising future. The building's size and prominent location make it ideal for a variety of commercial uses, subject to obtaining necessary permits and approvals. The substantial lot size provides ample space for expansion or additional development. Don't miss this chance to own a piece of Porterville's history and shape its future. The asking price for this remarkable property is $299,000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Porterville
County
Tulare
State
California
Longitude
-119.015
Latitude
36.0691
CBSA code
47300
CBSA name
VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$640
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
More about this property
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