Value-Add Investor or Passive Income Owner/User Opportunity

Listing was updated at: 07/05/2020
Property Overview
Price/Rent PSF $ 1,499,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 9,038
Date Available 06/29/2020
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Located in the most desirable area of the Prestigious Downtown Visalia, which encompasses about 72 square blocks of downtown. Off Main Street on South Church Street between Bridge and Court Streets. 0.2 miles (1 block) from Kaweah Medical Hospital, 1.5 miles to the County Courthouse, and across the street from the City of Visalia. Subject is just south of the intersection with Pizanos, Bank of the Sierra, Bank of America, Rookies, and SP Burgers. Central location surrounded with close proximity to many restaurants, government agencies, services and many other amenities. Nearby quality tenants include the Visalia Convention Center, Chase Bank, Brewbakers Brewing, Crawdaddy's, Cellar Door, Coilima, Fugazzis, Sequoia Brewery, Starbucks, Subway, Fox Theater, Pita Kabob, The Depot, 210 Cafe, El Tarasco, Tommy's Bar, Jimmy Johns, Alejandra's, Little Italy, Baskin-Robins, Suncrest Bank, Henry's Fresh Mex, Simply Chic Boutique, Chelsea Street Boutique, and many more. 25,000 cars/day on E Main St and 13,500 cars/day on S Church St.

Visalia is rated in the top 100 communities in America by Relocate America for its great music, culture, arts and entertainment, as well as the many shopping and dining venues. Visalia’s Downtown received an honorable mention as one of California’s Best Downtowns on the Best and Worst Downtown’s list saying, “It’s the one to watch”

Excellent Owner/User with Passive Income, or Investment: ±9,038 SF consisting of 5 quality suites (4 are rented MTM; 1 unit is available). Freestanding building off Main Street offering various configurations ready to lease out or occupy. All units are MTM allowing an owner user to utilize a portion of the spaces or a value-add investor to lease out the spaces at market rates. Multi-tenant building with (3) ground level retail spaces (2,517 SF), ground level office space (2,200 SF), and upstairs executive office mix (4,321 SF). Ample free parking in front of the building (and sides), in addition to 2 city parking structures to the east and west. Each unit has access to high speed Internet, is separately metered, has private restrooms, private entrances, consists of demising walls (can be combined), signage, and abundant parking. Well maintained office spaces with newer paint, decent flooring, and opportunity to freshen up and lease out! Minimal landlord responsibilities of only taxes and insurance - the tenants pay for the water/trash bill, their own utilities, and there is no landscaping to maintain (City maintained trees).