$3,000,000
Visalia, CA 93291
MLS# 242058
14244 sqft
1 / 70
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 stable 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.
Details
Maps
Documents
Property Information
Property Sub-Type: Mixed Use
New Construction: No
Stories: 2
Year Built Source: Public Records
Number of Units: 20
Number of Buildings: 1
Total Baths: 0
APN: 094325003000
SqFt Source: Public Records
Lot Acres: 0.33
Lot SqFt: 14502
Lot Size Source: Public Records
Lot Dimensions: Irregular
Zoning Description: Mixed Use Downtown Zone—(D-MU) https://codelibrary.amlegal.com/codes/visalia/latest/visalia_ca/0-0-0-34167
Additional Parcels Y/N: No
Year Built: 1920
Street #: 101-111
Direction: W
Street Name: Main
Suffix: Street
Approx Square Feet: 14244
State/Province: CA
Zip Code: 93291
County: Tulare
Area: Visalia SE
Listing Information
List Price/SqFt: 210.61
Original List Price: 3000000
Current Price: $3,000,000
Status: Active
Listing Date: 2026-06-01
Listing Price: 3000000
Showing Information
Directions to Property: From CA 198 and Mineral King Ave. Head north on Court St. The property is front facing on Main St. Property is located on the corner of Main and Court.
Remarks
Marketing Remarks: 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 stable 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.
General Information
# Uncovered Parking: 15
Direction Faces: North
Solar YN: No
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water
Public: 1
Sewer
Public Sewer: 1
Cooling
Central Air: 1
Heating
Central: 1
Roofing
Mixed: 1
Rolled/Hot Mop: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Current Use
Commercial: 1
Mixed Use: 1
Office: 1
Retail: 1
Income Includes
Rent Only: 1
Road Frontage Type
City Street: 1
Construction
Stucco: 1
Commercial Sub-Type
Restaurant: 1
Retail: 1
Parking Features
Parking Lot: 1
Status Change Info
Status Change Date: 2026-06-02
Property Features
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Cooling: Central Air
Heating: Central
Roofing: Mixed; Rolled/Hot Mop
Income Includes: Rent Only
Commercial Sub-Type: Restaurant; Retail
Construction: Stucco
Listing Terms: 1031 Exchange; Cash; Conventional
Current Use: Commercial; Mixed Use; Office; Retail
Parking Features: Parking Lot
Road Frontage Type: City Street
Offering Memorandum 
IDX
Listing Office: Downtown Realty Luxury
Listing Agent: Josh Ormonde | joshormonde@gmail.com
Agent Email: joshormonde@gmail.com
Last Updated: June - 03 - 2026
Information deemed reliable but not guaranteed.