Retail Space For Lease @ 14683 Road 192
14683 Road 192, Porterville, CA 93257
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Jared E.
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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). This space offers accomodations for: street retail.
Pricing: Negotiable
Availability: Now
Listing ID: 2306120