Property profile

586 N Main St Woodville, CA 93257

FOR SALE
Turn key restaurants
Property ID
US09-5915331
0.33 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1.92-acre commercial land parcel presents a unique development opportunity in Porterville, CA. Located at 586 N Main St, this property boasts 293 feet of Main Street frontage, offering unparalleled visibility and exposure to high traffic volumes. The site comprises six parcels and a former city street, now deeded and ready for development. The property benefits from existing infrastructure including curb, gutter, sidewalk, electricity, gas, sewer, and city water meters. Its strategic location within Porterville's major retail area, near Henderson and Morton Avenues, places it amongst numerous national retailers. Daily traffic counts exceed 52,703 vehicles on Main Street, Henderson Avenue, and Morton Avenue, ensuring high consumer traffic and visibility. The CG (General & Service Commercial) zoning allows for flexible development options, making it ideal for a variety of uses, including fast food, fuel stations, hotels, supermarkets, and more. The property's proximity to major corridors servicing the college, airport, downtown, and schools further enhances its appeal. This is a ready-to-develop site with significant potential for high returns. APN: 253-037-10, 253-037-01, 253-023-10, 253-023-09, 253-023-08. The property is zoned CG (General & Service Commercial) and is located in Tulare County, zip code 93257.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.33 ac (14,215 SF)
APN 253-023-010-000
UPID US09-5915331

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

586 N Main St Woodville, CA 93257
Woodville metro Census 3802 VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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