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41 N Main St Porterville, CA 93257

Retail space Google Maps
0.14 ac lot
Individually Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID US09-5776948

Property summary

AI-generated overview

Two fully remodeled retail storefront spaces totaling 2,500 square feet are available for lease in downtown Porterville, California. Located at 41 N Main Street, this property boasts a prime location directly across from "Main and Main," ensuring high visibility and foot traffic. The building, constructed in 1980 and extensively renovated in 2018, offers a total of 5,500 square feet across two suites, each with separate addresses and electrical meters. Each space features approximately 2,500 square feet (the exact size may vary slightly) and includes quality hard-surface flooring, fresh paint, a secure steel rear door, and a refreshed entry. The layout comprises an open front showroom area, a rear storage area, and a restroom. Ample parking is available on three sides of the building: direct private parking, additional public stalls in front, and a rear loading area with more private parking. The 0.14-acre lot is zoned DR-N (Retail North of Olive), allowing for flexible general commercial uses. This exceptional property offers great access, an excellent location, and unparalleled visibility, making it an ideal opportunity for businesses seeking a thriving downtown Porterville presence. The property's APN is 253-171-001, located in Tulare County, CA, 93257, and is situated near the cross street of Olive Ave. The single-story building is move-in ready.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.14 ac (6,138 SF)
APN 253-171-001-000
UPID US09-5776948

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
  • Barber Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2022
6 recorded transactions
2022
Price N/A
1996
$100,000
1996
Price N/A
1994
Price N/A
1969
Price N/A
1969
Price N/A

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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More about this property
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