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Property profile & analytics
OFF-MARKET
Office buildings

53 Cleveland Ave Porterville, CA 93257-3748

0.15 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US09-5784553
Property summary
AI-generated overview

This exceptional 1,740-square-foot freestanding retail building is located in the heart of Downtown Porterville, California, at 53 E Cleveland Ave, 93257. The property boasts a prime location directly beneath the new Tulare County District Attorney and Public Defender offices, ensuring high visibility and foot traffic. This single-tenant space features existing sinks from a previous beauty salon, offering potential for a variety of uses. Situated on a 0.14-acre lot, the two-story building is zoned D-PO Professional Office (APN 253-196-003, Tulare County). Its strategic placement within Porterville's busiest retail corridor, near Main and Olive streets, provides access to a substantial customer base. The property benefits from its proximity to a major highway, ensuring easy accessibility for motorists. A significant daytime population of approximately 43,236 people resides within a 2-mile radius, further enhancing its market appeal. The building's close proximity to the new, approximately 96,000-square-foot Porterville Courthouse adds to its desirability and potential for sustained success. This is a rare opportunity to acquire a well-positioned retail property in a thriving downtown area.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Lot 0.15 ac (6,411 SF)
APN 253-196-003-000
UPID US09-5784553
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
  • Success Valley Medical Group Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ocsm Capital LLC · 3 yrs held
Ocsm Capital LLC
since 2022
Last sale
$240,000
5 recorded transactions
2022
$240,000
2016
$90,000
2016
Price N/A
2003
Price N/A
2000
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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