90 Thurman Ave Porterville, CA 93257-3710
This exceptional 3-unit commercial property, situated at 90 E Thurman Avenue in Porterville, California, presents a compelling investment opportunity. Spanning 1,982 square feet on a 0.15-acre lot, this property boasts a prime location near the heart of downtown Porterville. Its strategic positioning ensures high visibility and convenient access to a thriving commercial district. One unit is currently leased, generating immediate rental income and demonstrating the property's strong potential for consistent cash flow. The remaining units offer flexibility for expansion, allowing for the development of additional income streams or the establishment of a new business venture. The property's proximity to Centennial Park, along with its close proximity to a variety of shopping and dining establishments, guarantees significant foot traffic and a robust customer base. This makes it an ideal location for a diverse range of businesses, from retail shops and restaurants to professional offices and service providers. The property's combination of immediate income generation, prime location, and expansion potential makes it an attractive investment for both experienced investors seeking to grow their portfolio and entrepreneurs looking to establish a successful business in a vibrant and accessible location. The asking price is $310,000.
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
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.