101 E Main Street

Visalia, CA 93291

MLS ID# 225020 Active
Commercial

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$2,600,000

0.13 acres

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• Description
• Property Information
• Listing Information
• Showing Information
• General Information
• Financial
• Tax Information
• Details

Description

Currently occupied by a local brewery and regional bank, the retail buildings have proven excellent homes for both tenants. The NNN brewery has recently renewed its lease until 2030, with extension options. The side-by-side retail properties are nestled on the corner of a downtown, lighted intersection with a combined surplus of over 18,400 vehicles driving by daily. Besides the high traffic and visibility, the assets are also within a highly walkable area. Visalia, a beautiful, scenic city between Fresno and Bakersfield, is home to many local, eclectic dining and shopping options and the College of the Sequoias - a public, two-year community college. The Downtown Visalia submarket has minimal side supply pressures, further enabling savvy investments in historic buildings. Rents have steadied at a 4.1% increase from where they were a year ago. The number of jobs in the market has also increased by 3.3% in the past year, correlated with the public college's ever-growing workforce pool and valuable location for locals. There are 134,342 residents living within five miles of the property - nearly a quarter of them have a bachelor's degree or higher. Currently occupied by a local brewery and regional bank, the retail buildings have proven excellent homes for both tenants. The NNN brewery has recently renewed its lease until 2030, with extension options. The side-by-side retail properties are nes... show more

Property Information

• Property Sub-Type Commercial
• New Construction No
• Year Built 1922
• Year Built Source Assessor
• Number of Buildings 1
• Number of Units 2
• Street # 101
• Direction E
• Street Name Main
• Half Baths 3
• Suffix Street
• Total Baths 3
• Stories 1
• Approx Square Feet 5816
• City Visalia
• SqFt Source Assessor
• Lot Acres 0.13
• Lot SqFt 5663
• State/Province CA
• Lot Dimensions Irregular
• Zip Code 93291
• APN 094298001000
• Lot Size Source Assessor
• County Tulare
• Additional Parcels Y/N No
• Area Visalia NW

Listing Information

• Commission 2
• % or $ %

: The offer of compensation is made only to participants of the MLS where the listing is filed.

Directions to Property

Corner of Court St and Main St

General Information

• Garage No
• Direction Faces North

Cap Rate

8.4

Tax Information

• Land Value 157677
• Improvement Value 893502

Details

• Sale Type

  Standard

• Utilities

  Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

• Water

  Public

• Sewer

  Public Sewer

• Cooling

  Central Air, Exhaust Fan

• Heating

  Central

• Roofing

  Membrane

• Commercial Sub-Type

  Free Standing Building, Restaurant

• Common Walls

  1 Common Wall

• Construction

  Brick

• Foundation

  Brick/Mortar

• Property Condition

  Updated/Remodeled

• Road Frontage Type

  Alley, City Street