Description

We are offering 300 Sequoia Cir in Porterville, California, for sale at $645,000. The property is approximately 2.03 acres (about 88,427 square feet) of graded, shovel-ready land split into seven legal parcels. That works out to about $317,734 per acre. The site is zoned RM-3 (High Density Residential) and carries Assessor's Parcel Numbers 247-160-036, 037, 040, 043, 044, 045, 046.

A tentative map is in place for 48 apartment units in five two-story buildings, with 32 one-bedroom and 16 two-bedroom units, 124 parking spaces and open space. A dedicated city cul-de-sac with curb, gutter and street lighting is built, all underground utilities are stubbed, city water and sewer are in place and most impact fees are paid. High-density zoning allows reduced setbacks.

The parcels are just off Highway 65, north of W Henderson Avenue and east of N G Street, close to several schools and commercial amenities, with a neighboring planned apartment development. Porterville is part of the Visalia-Porterville area and has grown steadily since its incorporation in 1902. Porterville is in Tulare County, part of the Visalia metropolitan area.

Jared Ennis and Kevin Land of Central CA Commercial represent this offering on behalf of ownership. We are glad to share the full offering memorandum, along with additional photos and property details, and to answer questions about the property and the surrounding area. Contact us to discuss the opportunity or to schedule a tour.