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$ 899,900
Est. payment /mo
New
620 E Main Street Visalia, CA 93292
6,788 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,788 sqft
Price per Sqft $132
MLS Listing ID 244173
Lot Size 0.295 Acres
Property Sub-Type Mixed Use
Property Description
Excellent opportunity to acquire a multi-tenant commercial property located along East Main Street in Visalia. Situated on an approximately 12,858 SF lot and zoned C-MU (Commercial Mixed Use), this property offers existing rental income along with excellent future investment or owner-user potential. The property is currently occupied by two tenants. Suite A is occupied by Component Coffee and consists of approximately 4,100 +/-SF, currently generating $3,939.24 per month with the lease expiring in October 2026. Suite B is approximately 2,788+/- SF and is occupied by California Custom Carts at $1,290 per month on a month-to-month tenancy. Combined current rental income is approximately $5,229.24 per month, or $62,750.88 annually, representing an approximately 6.97% gross scheduled return based on the $899,900 asking price before property operating expenses. With existing income in place and flexible lease terms, this property presents an attractive opportunity for an investor, future owner-user, or buyer looking to reposition the asset. The C-MU zoning provides additional flexibility for a variety of commercial and mixed-use opportunities, subject to City of Visalia requirements. Offered at $899,900
Location
State CA
County Tulare
Interior
Heating Other, Natural Gas
Cooling Ceiling Fan(s), Evaporative Cooling
Flooring Concrete
Exterior
Utilities Available Sewer Connected, Water Connected
View Y/N N
Roof Type Other
Building
Story 1
Sewer Public Sewer
Listed by Joe Silva • MD Graham & Associates, Inc.