Value-Add Mixed Use Owner/User or Investment Opportunity

For Sale

14683 Road 192, Poplar, CA 93257

This Poplar property for sale is located at 14683 Road 192. The general use of Value-Add Mixed Use Owner/User or Investment Opportunity is retail and it incorporates 5,600 square feet of class A retail space. The current listed sale price for Value-Add Mixed Use Owner/User or Investment Opportunity is $250,000. Value-Add Mixed Use Owner/User or Investment Opportunity is situated on a lot that is 0.38 acre in size.

Contacts

broker

Jared Ennis

Central CA Commercial

(559) 705-1000

Property Details

  • Property Type Retail - Street Retail
  • Property Size 5,600 SF
  • Units 2
  • Lot Size 0.38 Acre
  • Property Tenancy Single Tenant
  • Building Class A
  • Date Updated Jan 19, 2024
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.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).

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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

Attachments

Getting around

  • 15/100

    Walk Score ®

  • 36/100

    Bike Score ®

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Location

  • City Poplar, CA
  • Neighborhood Poplar
  • Zip Code 93257
  • Market Central Valley

Points of Interest

  • Shell

    5.59 miles

  • Chevron

    6.11 miles

  • Valero

    6.13 miles

  • Shell

    6.55 miles

  • Chevron

    9.46 miles

  • Shell

    9.48 miles

  • Dell Taco

    5.30 miles

  • Wingstop

    5.56 miles

  • China's Alley

    5.57 miles

  • Jamba

    5.58 miles

  • McDonald's

    5.62 miles

  • Panera Bread

    5.67 miles

  • Me-n-Ed's Pizzaria

    5.67 miles

  • Tokyo Bowl

    5.70 miles

  • Subway

    5.71 miles

  • Little Caesars

    5.71 miles

  • Target

    5.59 miles

  • Marshalls

    5.66 miles

  • Food 4 Less

    5.71 miles

  • Kohl's

    5.72 miles

  • Walmart Neighborhood Market

    5.78 miles

  • ALDI

    6.61 miles

  • Grocery Outlet

    7.07 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Jared Ennis

Central CA Commercial

(559) 705-1000