|Price/Rent PSF||$ 197,500.00|
This property is located north of N Putnam Avenue, east of N Villa Street, south of W Morton Avenue and west of Pearson Drive in Porterville, California.
Prime Morton Avenue development opportunity for either multi-family/apartments or Office development. Located just west of Main Street and East of Highway 65. Consists of a 113.5' wide by 268.5' deep (±30,500 SF) lot currently zoned RM-3 (High Density Residential). Site has existing offsite curb/gutter completed and access to all utilities. After a 25' city street is installed to the East, the usable remaining land of ±0.55 Acres (±23,837 SF) could boast well for an approximate 6,000 SF office building or various high density apartments. The City has expressed flexibility on the lot use and is motivated to see this developed. Parcel offered for sale, ground lease, lease w/ option, seller-carry, etc.