615 Main St Visalia, CA 93292-6448
This exceptional 1.26-acre property at 615 E Main Street, Visalia, CA, presents a unique opportunity for mixed-use development. The expansive 54,712 square foot lot is ideally situated in the heart of downtown Visalia, offering unparalleled access to local amenities and high visibility. Currently zoned for mixed-use development, this site has already received city permit approval for a three-story building, streamlining the development process and minimizing potential delays. The substantial acreage allows for a variety of development options, catering to both commercial and residential needs. Imagine the possibilities: a vibrant mixed-use complex, a modern apartment building with ground-floor retail, or a unique commercial development tailored to the specific needs of the Visalia market. This prime location offers significant potential for substantial return on investment. The property's size and zoning flexibility make it an attractive proposition for developers seeking a high-impact project in a thriving downtown area. The existing city permit approval for a three-story structure significantly reduces the time and cost associated with obtaining necessary approvals, making this an exceptionally attractive opportunity for immediate development. Don't miss this chance to acquire a significant piece of Visalia's downtown landscape. The asking price is $2,000,000.
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
CS · Visalia, CAVisalia. 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.