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3247 W Noble Ave - Former K-Mart

98,078 SF Retail Building Offered For Sale in Visalia, CA

Highlights

  • Former Kmart building located within a beautifully well maintained shopping center.
  • Excellent visibility from Highway 198.
  • Unbelievably well below cost of replacement.
  • Neighboring tenants include Save Mart, Burger King, Starbucks, Popeye's Chicken and more.

Investment Summary

At the list price, the property will trade at a deep discount to its land-inclusive replacement cost (estimated to $110 PSF) providing an intrinsic, value-focused acquisition for an investor. Unmatched Frontage and Visibility with over 1,600 feet of frontage along Noble Avenue to SR198, major asset/west arterial in the trade area. The low building to land coverage ratio provides an opportunity for expansion or redevelopment in the future and indicating high land-intrinsic value. Ease of Circulation - Convenient, accessible parking field creates a meaningful amenity for customers throughout the day.
VISALIA, often nicknamed the "Gateway to the Sequoias,” is a city situated in the agricultural San Joaquin Valley of California, approximately 230 miles (370 km) southeast of San Francisco, 190 miles (310 km) north of Los Angeles, 36 miles (58 km) west of Sequoia National Park and 43 miles (69 km) south of Fresno. Visalia is the 5th largest city in the San Joaquin Valley after Fresno, Bakersfield, Stockton and Modesto; the 44th most populous in California.Early growth in Visalia can be attributed in part to the gold rush along the Kern River. The gold fever brought many transient miners through Visalia along the way and when the lure of gold failed to materialize, many returned to Visalia to live their lives and raise families.Today, Visalia not only serves as the County sea for Tulare County, but is also the economic and governmental center to one of the most productive single agricultural counties in the
country. Visalia’s proximity to the Sierra Nevada mountains puts the city within close distance of three major national parks including Sequoia, Kings Canyon, and Yosemite. The city has a wealth of historical buildings preserved from its 19th century roots including several Victorian-style houses. College of the Sequoias is the only public community college in the city, however many universities have branch campuses located within city limits. These include: Fresno State, Chapman University, Fresno Pacific University, Brandman University, San Joaquin Valley College, and the University of Phoenix. The Visalia Convention Center, a 114,000-square-foot venue, hosts dozens of events, movies, concerts, and conventions each year. The economy of Visalia is driven by agriculture (especially grapes, olives, cotton, citrus, and nursery products),livestock, and distribution and manufacturing facilities(electronics and paper products are a couple of significant manufacturing sectors). Light manufacturing and industrial/commercial distribution represent the fastest growing portion of Visalia’s employer base. According to the Visalia Economic Development Corporation, the top ten employers in the city are, in descending order,Tulare County, Kaweah Delta Medical Center, College of the Sequoias, Family Healthcare Network, the City of Visalia, VF, International Paper, Jostens, Cigna, and Visalia Medical Clinic.

The Offering UNDER CONTRACT

  • Listing ID: 15919187
  • Date Created: 5/1/2019
  • Last Updated:

TRADE AREAS

Talent Base and Commute Times

1 mile 1 mi 3 mile 3 mi 5 mile 5 mi
1 Mile
3 Mile
5 Mile
Total Population
13,470
108,111
140,729
2010 Population
13,096
101,031
130,223
2024 Population
13,746
111,082
144,834
Employees
7,291
47,682
59,814
Total Businesses
661
5,065
5,963
Average Household Income
$76,326
$70,357
$72,402
Median Household Income
$53,245
$51,420
$54,559
Total Consumer Spending
$123.18M
$904.95M
$1.2B
Median Age
36.1
33.0
32.8
Households
4,933
35,980
46,133
Percent College Degree or Above
15%
13%
13%
Average Housing Unit Value
$268,449
$244,062
$246,599

Amenities

  • Bus Line
  • Signalized Intersection
  • Freeway Visibility
  • Energy Star Labeled
  • Signage

Traffic

Collection Street Cross Street Traffic Vol Year Distance
S County Center Dr W Campus Ave, S 7,475 2018 0.10 mi
W Noble Ave S County Center Dr, E 5,217 2014 0.12 mi
S County Center Dr W Cypress Ave, SW 9,440 2018 0.13 mi
W Mineral King Ave S County Center Dr, E 5,244 2014 0.14 mi
W Mineral King Ave Rd 108, W 10,096 2018 0.14 mi
Walk Score ®
55
Somewhat Walkable
Transit Score ®
10
Minimal Transit
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

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