137 N L Street, Dinuba, CA 93618

Property Description

Excellent mixed-use investment property located in the core of downtown Dinuba. This revamped and locally historic building is situated in a Downtown Commercial (C-2) zoning district and features two commercial units, both occupied by established tenants since 2019 on month-to-month leases. One commercial unit is occupied by a church, while the other operates as a thrift store. The property also includes a two-bedroom, one-and-a-half-bath apartment, adding residential income potential. In addition, the building offers office space, substantial storage areas, basement space, and loading doors for each unit accessible via alley access, providing valuable flexibility for the tenants or future owners. The building has benefited from numerous structural and system upgrades, including improvements to the fire protection and sprinkler systems, electrical service, plumbing, and other major components. These upgrades enhance the property's functionality, safety, and long-term investment appeal. All three tenants currently share one PG&E electrical meter and split the gas, water, and electrical utility costs. The seller would consider separating the electrical service into individual meters for each unit. With established tenants, multiple income-producing spaces, extensive upgrades, historic character, and C-2 zoning, this versatile mixed-use property offers an excellent opportunity for investors looking to expand their portfolios.