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Property profile & analytics
FOR SALE
Sports & entertainment properties

36 E Mill Ave Porterville, CA 93257

13,480 SF 0.42 ac lot Built 1948
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-5961965
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Year built 1948
Construction TILT-UP CONCRETE
Total area 13,480 SF
Lot 0.42 ac (18,213 SF)
Zoning code C-2
APN 253-182-009-000
UPID US09-5961965
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
Current use
Occupant on record · Public records
  • Porter Theatre Theater & Performing Art Venue
  • Cruzita's flower shop (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Navala Investment LLC · 2 yrs held
Navala Investment LLC
since 2023
Last sale
$215,000
7 recorded transactions
2023
$215,000
2011
Price N/A
2011
$200,000
2011
Price N/A
2007
Price N/A
2006
Price N/A
2006
$350,000
Zoning & alternative use
C-2 · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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