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$ 3,000,000
Est. payment /mo
New
101 W Main ST Visalia, CA 93291
14,244 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,244 sqft
Price per Sqft $210
MLS Listing ID 650893
HOA Y/N No
Year Built 1920
Lot Size 0.333 Acres
Property Sub-Type Commercial
Property Description
An exceptional opportunity awaits at the undisputed cornerstone of Downtown Visalia. Positioned at the high-traffic Main & Main intersection of Main and Court Street, this historic 1920 landmark offers a masterfully balanced combination of in-place cash flow and aggressive value-add potential. Designed for seasoned portfolio investors and private buyers looking for a premium legacy asset, this 20-unit building features 100% occupied ground-floor retail paired with an adaptable second-floor studio layout positioned for rapid revenue expansion. Located at the epicenter of Visalia's vibrant downtown district, this iconic corner captures unparalleled daily foot traffic and unmatched visibility. In a thriving downtown district where parking is highly constrained, the asset includes 15 dedicated, private on-site parking spaces. This single amenity acts as a massive competitive advantage, drastically reducing tenant friction and driving superior commercial retention for the entire property. The ground floor consists of 5 fully leased retail units generating immediate, dependable monthly income. The asset is anchored by long-term local favorites and stable commercial entities, including Cellar Door, Wimpy's Hamburgers, Root Lifestyle, Last Wave Tattoo, and Raphael's Jewelry. The core investment thesis lies in the immediate operational upside of the second floor. Consisting of 15 flexible studio suites commanding a premium value due to high local demand for smaller micro-spaces, a future owner can drive immediate capital appreciation by completing the lease-up of the 8 vacant suites or transitioning the current Gross leases into a NNN or Modified Gross structure to recapture shared operating expenses. Seize the opportunity to anchor your portfolio with this irreplaceable piece of Visalia's commercial history.
Location
State CA
County Tulare
Interior
Cooling Central Heat/Cool
Exterior
Parking Features 10 - 20 Spaces
Roof Type Other
Building
Lot Description Corner Lot, Major Arteries, Frontage
Story 2
Water Public
Listed by Josh Ormonde AXEN Realty