600 S Prospect Ave

368 W Olive Ave, Porterville, CA

$1.10/sqft/mo

Price

5%

Cap Rate

$148,458.64

NOI

Gallery
Street
Map
Overview
Cap Rate
5%
NOI
$148,458.64
Building Size
3,200 sqft
Lot Area
0.3 acres
Description

Prime ±3,200 SF freestanding retail building with a corner parking lot on Olive Ave. Wide open building with (2) rear offices and restrooms. Flexible zoning (previous car lot, physical therapy, and retail store). Well-located near 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 ±16,536 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 Porterville off Olive Ave across from Porterville High School, adjascent to Jack In The Box, and across from Walgreens, Super Burger, Pizza Hut, Taco Bell, & more. 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 Delano, Exeter, Farmersville, Lindsay, Springville, Tulare, Tule River Indian Reservation, & more! Property situated off the NE corner of Olive Ave & Jaye St, on the north side of Olive Ave, south of Morton Ave, east of Jaye St and west of Main 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

368 W Olive Ave, AStrip Center

Available:
Immediately
Sublease:
No
SQFT
3,200
Lease Rate:
$1.10/sqft/mo
Lease Type:
Gross
Documents
Location
Gallery