36 E Mill Ave Porterville, CA 93257
For Sale
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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.
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Porter Theatre Theater & Performing Art Venue
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Cruzita's flower shop (Bike/Boat/Book/etc) Store Florist
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Porterville, CAPorterville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.