Value-Add Mixed Use Owner/User or Investment Opportunity
14683 Road 192
Poplar, CA 93257
Highlights
- ±3,600 SF Retail/Office and ±2,000 SF House/Apartment
- Excellent Owner/User with Passive Income, or Investment
- SBA Loan Candidate w/ Built In Passive Income
- Upside in Leasing Potential or Owner/User Occupancy
- Well-Known Freestanding Building | Separate Meters
- Open Retail/Office, Private Rooms, Multiple Entrance Points
- Ample Parking and Mature Landscaping
- Ethernet/Phone Connections & High Speed Internet Ready
- Secure, Private, Established Location w/ Quality Tenant Mix
- Convenient Location In Central Area of Town
- 2 Separate APN’s w/ Open Lot Available For Parking/Expansion
Description
Value-add Opportunity: (2) buildings on (2) APN's totaling ±5600 SF with separate electric meters. Includes a ±3,600 SF commercial building (former open retail store) and a ±2,000 SF Apartment/Home. (2) freestanding buildings with Road 192 frontage offering various configurations. The commercial building offers an open environment for various commercial business uses. The house/apartment has consistently rented for $600/month in the past, but most recently was offered $700 from multiple applicants. Great SBA candidate. Total pricing of $150K is broken down as $85K for the “retail/office” ($135K retail value minus $50K of estimated improvements), and $65K for the adjacent home (9% Cap Rate based off $700/month in potential rent).
Located on Rd 192, just North of Hwy 190, and South of Ave 148, and East of Kilroy Rd. Poplar is just West of Porterville a city in the San Joaquin Valley, in Tulare County, California, United States. It is part of the Visalia-Porterville metropolitan statistical area. Since its incorporation in 1902, the city's population has grown as it annexed nearby unincorporated areas. The city's July 2014 population (not including East Porterville) was estimated at 55,466.[8] Porterville serves as a gateway to Sequoia National Forest, Giant Sequoia National Monument and Kings Canyon National Park.
