832 Olive Ave Porterville, CA 93257
- Gas stations
- 0.88 lot acres
Current Use by Public Records
- The Kar Shop Inc / Car Dealer / Diesel Engine Dealer
- RMC Automotive / Mechanic / Auto Repair Shop
- Vision Glass Werx / Auto Glass Shop
Property Details for 832 Olive Ave
- Lot size
- 0.88 lot acres
- Property type
- Gas stations
- APN
- 251-202-032-000
- APU
- 251202032000
Description
This exceptional 2.18-acre commercial land parcel in Porterville, California, presents a unique investment opportunity. Comprising three separate legal parcels (APN: 251-202-006, 251-202-025, 251-202-032), the property is zoned RM3 and CG, offering flexibility for various commercial uses. The site includes a roughly 1,000-square-foot metal building, though its value is not included in the purchase price. Conveniently located on Olive Avenue near State Highway 65 ramps, this infill property benefits from excellent visibility and accessibility. It's less than half a mile from Porterville High School and approximately one mile from the downtown area, ensuring a strong daytime population due to its proximity to numerous retailers, restaurants (including Starbucks, Black Bear Diner, Auto Zone, O'Reilly Auto Parts, and Smart & Final), homes, and industrial properties. Existing infrastructure includes curb, gutter, and sidewalk, with utilities readily available on-site or nearby. This property is ideal for developers seeking a strategic location with high potential for growth and return on investment. The sale includes all three parcels, offering the potential for individual sale or development as a single cohesive unit.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $320,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $275,000
- Mixed-Use
- $315,000
- Hospitality
- $255,000
- Educational
- $320,000
- Residential Income
- $265,000
- Energy
- $290,000
- Income-Based Land
- $310,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Porterville
- County
- Tulare
- State
- California
- Longitude
- -119.036
- Latitude
- 36.0665
- CBSA code
- 47300
- CBSA name
- VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA