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1920 W Princeton Avenue

Visalia, CA 93277
  • $925,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: MC21263157
UPDATED: 67 min ago
$925,000
  • 0
    BEDS
  • 0.97
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1973
County:

School Ratings & Info

Listing Agent(s): Daniel Del Real of Keller Williams Property Team (209-500-4663)


Description

The subject property is a 16-unit, two-story, 8,000 square foot office building situated on approximately one acre.The property has a strong 94% occupancy rate and offers huge upside potential to develop an additional 14,000 square feet of land. Recent improvements over the past two-years include new HVAC units, flooring, lights, doors and more. Located on Mooney Boulevard (33,000 VPD) and Princeton Avenue (26,000 VPD) just south of CA-Highway 198. Neighboring Tenants include Baskin-Robbins, IHOP & Red Lobster.7.02% Cap RateNet Operating Income: $64,908.2294% Occupancy RateUpside development opportunity for 14,000 square feet of land

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-24T00:25:42.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Ivan and Maria | Real Estate One. Licensed in the State of California, USA.
www.ivanandmaria.com/homes/123956788
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1920 W Princeton Avenue Visalia, CA 93277

  • Price: $925,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 67 min ago
  • ID#: MC21263157
0
Beds
0
Baths
0
½ Baths
0.97
Acres
1973
Built
County:
Tulare
Property Description
The subject property is a 16-unit, two-story, 8,000 square foot office building situated on approximately one acre.The property has a strong 94% occupancy rate and offers huge upside potential to develop an additional 14,000 square feet of land. Recent improvements over the past two-years include new HVAC units, flooring, lights, doors and more. Located on Mooney Boulevard (33,000 VPD) and Princeton Avenue (26,000 VPD) just south of CA-Highway 198. Neighboring Tenants include Baskin-Robbins, IHOP & Red Lobster.7.02% Cap RateNet Operating Income: $64,908.2294% Occupancy RateUpside development opportunity for 14,000 square feet of land
Exterior Features

Construction Materials ConcreteStucco Lot Features 0-1 Unit/Acre

Interior Features

Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 7.02 Common Interest None Gross Scheduled Income 102000 Laundry Features None Listing Agreement Exclusive Right To Sell Net Operating Income 64908 Number Of Units Leased 15 Operating Expense 34355 Property Sub Type Office Special Listing Conditions Standard Vacancy Allowance 2736 Vacancy Allowance Rate 6 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-24T00:25:42.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Ivan and Maria | Real Estate One. Licensed in the State of California, USA.
 
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Ivan and Maria | Real Estate One
3400 Central Ave Suite 325
Riverside CA, 92506
Listing Agent(s): Daniel Del Real of Keller Williams Property Team (209-500-4663)