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Property profile & analytics
OFF-MARKET
Commercial land

855 Main St Porterville, CA 93257-1650

0.78 ac lot
Individually Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US09-6019540
Property summary
AI-generated overview

This exceptional 0.775-acre commercial land parcel, located at 855 N Main St, Porterville, CA 93257 (APN 247-150-054), presents a remarkable investment opportunity. Boasting a total area of 33,768 square feet and priced at $330,000 ($9.77/sq ft), this property offers unparalleled visibility and accessibility. The site benefits from significant frontage along both Main Street (158 feet) and Henderson Avenue (136 feet), placing it within Porterville's major retail area, surrounded by established national retailers. Daily traffic counts exceed 31,544 vehicles on these two streets. The CG General & Service Commercial zoning allows for a wide range of commercial uses, including but not limited to fast food, auto repair, car washes, freestanding restaurants, and other retail establishments. The property is conveniently located near major corridors serving the local college, airport, downtown area, and schools, ensuring high consumer traffic and exposure. Existing infrastructure includes electricity, gas, sewer, curb cuts, and city water meters, making it ready for immediate development. This is an ideal location for businesses seeking high visibility and access to a substantial customer base in a thriving retail corridor. The property's strategic location and flexible zoning make it a truly exceptional investment opportunity.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.78 ac (33,768 SF)
Zoning code CG
APN 247-150-054-000
UPID US09-6019540
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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
William N Melvin JR. · 20 yrs held
William N Melvin JR.
since 2006
2 recorded transactions
2006
$480,000
2004
$90,000
Zoning & alternative use
CG · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Use Classifications CN CR CG CMX Additional Regulations Broadcasting Facility - M M Section 301.20 Telecommunication Facilities Call Center - P(3) P - Recording Studio - P(4) P(4) - Freight/Truck Terminals and - - C - Warehouses Transportation Passenger - P P - Terminals Utilities, Minor P P P P Agricultural and Extractive Uses Crop Cultivation, Commercial M…

Zone name General And Service Commercial
General category COMMERCIAL
Zone area 274.63 ac
Source 100.01: TITLE AND AUTHORITY:
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