600 S Prospect Ave

172 N Main St, Porterville, CA

$1/sqft/mo

Price

5%

Cap Rate

$148,458.64

NOI

Overview
Cap Rate
5%
NOI
$148,458.64
Building Size
2,062 sqft
Lot Area
0.05 acres
Year Built
1930
Description

Prime ±2,062 SF retail shop space in Downtown Porterville with existing water/drain improvements (formerly Spoon's Frozen Yogurt) and existing equipment included (2 freezers, 3 piece sink, prep table, POS counter/system, chairs/booths). The space is located directly under the new County of Tulare District Attorney and Public Defender offices. Well-located in Porterville’s busiest retail destination corridor - Main & Olive - historically, serving the vast majority of Porterville’s residents. The property sits comfortably in Porterville’s primary retail corridor, and with its close proximity to a major highway access is easily accessible to motorists. Daytime population of nearly ±15,000 people within 2 miles of the subject property and located in close proximity to the new ±96,000 SF Porterville Courthouse.

Located in the center of Downtown Porterville off Main Street & Mill Ave. Strategically located in close proximity to the new County of Tulare District Attorney and Public Defender offices, and the 96K SF Porterville Courthouse, serving all of Porterville and surrounding communities of Strathmore, Lindsay, Ducor, Terra Bella, Richgrove, Springville, Woodville and the Tule River Indian Reservation. Property situated at the Southeast corner on Main St & Mill Ave. The property is located North of Oak Ave, South of Mill Ave, East of Main St and West of 2nd Street.

Highlights
  • Long Term Tenants In Place With Existing Occupancy.
  • 1 Block off Blackstone Ave, North of Shields Ave
  • Investment Opportunity: Leased Freestanding Office Building
  • 100% Leased w/ Long-Term Leases Through 2022
  • Easy Lease-able Units w/ Low Vacancy Turnover
  • Newer Roof, HVAC's, Asphalt, Hard Surface Floor, & Paint!
  • Well-Known Freestanding Office Building @ Entrance
  • Private Offices, Conference Room, Reception Areas
  • Private Lit Parking Lot + Street Parking | Great Visibility
  • Convenient Location Between CA-99 and CA-41
  • Busy & Established Retail Corridor w/ Access to Manchester
  • Close Proximity to Major Traffic Generators (Blackstone Ave)
  • Great Access & Visibility w/ Unmatched Level of Consumer Traffic
  • Against Newly Upgraded Shields Avenue w/ Bus Stop Access
  • Nearby Manchester Center & Blackstone Retailers
  • Economical Space Available | Fresh Paint & Flooring
1 Space Available

172 N Main St, AStrip Center

Available:
Immediately
Sublease:
No
SQFT
2,062
Lease Rate:
$1/sqft/mo
Lease Type:
Gross
Documents

Location
Gallery