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958 Prospect St Porterville, CA 93257

OFF-MARKET Mixed-use properties Google Maps
4,272 SF Built 1968
Estimated value
No estimation on file for this property yet.
Property ID US09-5989715

Property summary

AI-generated overview

This exceptional Porterville investment opportunity encompasses a mixed-use property spanning 4,272 square feet on a 3,288 square foot lot. The property consists of three buildings situated on nearly an acre of land, presenting significant potential for redevelopment or continued operation as a multi-use facility. Currently, the property includes a 1,260 square foot, two-bedroom, one-bathroom rental house generating $1,250 in monthly income (month-to-month tenancy). Two additional buildings, previously used as a church, offer versatile space. The main building features an auditorium with a capacity of approximately 100 people, six rooms suitable for classrooms or offices, and a separate fellowship hall with a kitchen. These buildings are currently vacant, presenting a significant opportunity for increased rental income. The asking price is $434,900, translating to $101.80 per square foot of rentable space. The property is located at 958 S Prospect St, Porterville, CA 93257, and has two separate Assessor's Parcel Numbers (APNs). While currently zoned for its existing uses, rezoning could unlock further development potential for residential or commercial purposes. The property's size and location make it an attractive investment for those seeking a high-yield property with significant upside potential. Note that the rental house and church buildings must be sold together.

Property profile

Verified
Property type Mixed-use properties
Year built 1968
Total area 4,272 SF
UPID US09-5989715

Cap rate & NOI

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

Value estimations

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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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