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789 N West St

30.97 Acres of Commercial Land Offered at £4,795,361 in Tulare, CA 93274

Investment Highlights

  • Master Plan Development Opportunity
  • Housing In Strong Demand
  • Tulare is a very Development-Friendly City
  • Low Price per Sq Ft.
  • Development Incentives
  • Proximate to Elementary, Middle, and High Schools

Executive Summary

Tulare, California, is a vibrant city located in the heart of the San Joaquin Valley in Central California. The city of Tulare is part of the new frontier for development and is currently one of the fastest growing communities in California:
"According to the Tulare County Association of Governments (TCAG) 2022 Regional Transportation
Plan/Sustainable Communities Strategy (RTP/SCS)1, population growth in the region in the next two
decades is expected to be near the highest in the state (0.71 percent annually from 2021-2046). This
increase in population is driven in part by urban residents moving from the state’s larger cities to rural
areas like Tulare County due to the relatively lower cost of living and higher birthrates than the state
average. "
see section 4.2:
https://tulareregionalhousingelement.rinconconsultants.com/wp-content/uploads/
2024/06/4-Regional-Housing-Resources.pdf
Tulare is situated in Tulare County, approximately halfway between Los Angeles and San Francisco. It's surrounded by agricultural lands, with the Sierra Nevada mountains to the east and the Coast Range to the west. As of the last available data, the population of Tulare was around 64,000 people, making it one of the larger cities in the Central Valley.
Agriculture: Like much of the surrounding region, Tulare's economy is heavily reliant on agriculture. The area is known for producing a variety of crops, including dairy products, citrus fruits, nuts, and livestock.
Landmarks: One of Tulare's most famous landmarks is the International Agri-Center, which hosts the annual World Ag Expo, one of the largest agricultural trade shows in the world. The show is made up of 1,271 exhibitors, and over 100,000 people flock to the International Agri-Center annually. Every year, there is new innovation, from new companies and inventors. Additionally, the city is home to the Tulare Historical Museum, which showcases the history and heritage of the area.
Education: Tulare is served by several public school districts, including the Tulare City School District and the Tulare Joint Union High School District. It's also home to the College of the Sequoias, a community college serving students from Tulare County.
Recreation: Residents and visitors can enjoy a variety of recreational activities in Tulare, including parks, golf courses, and community events. The city's Parks and Recreation Department offers programs and facilities for people of all ages.
Transportation: Tulare is conveniently located near major highways, including State Route 99, providing easy access to other cities in the Central Valley and beyond.
Economy: In addition to agriculture, Tulare's economy is supported by retail, healthcare, and manufacturing industries. The city's strategic location and business-friendly environment make it an attractive place for companies to operate.
Overall, Tulare offers a blend of small-town charm, agricultural heritage, and modern amenities, making it a desirable place to live, work, and visit in California's Central Valley.

Property Facts

Price £4,795,361
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Master Planned Community
  • Storefront, Retail or Office
Total Lot Size 30.97 AC

1 Lot Available

Lot

Price £4,795,361
Price Per AC £154,839
Lot Size 30.97 AC

This property is divided into three parcels and it is ideal for a master plan community for market price housing, affordable housing. A neighborhood retail / commercial center would also be ideal at this site, or a combination of the above.

Description

3 Lots with a combined size of ± 30.97 ACRES or ± 1,349,053 SF. All three are zoned RM4 which is High Density Residential allowing for up to 29 Units per ACRE. Build up to 899 Units. Please verify/confirm all info with the city. Ideal for a master plan community. PARCEL 1 ± 8.72 AC / ± 379,843 SF APN:168-010-009 Zoning: RM4 PARCEL 2 ± 13 AC / ± 566,280 SF APN:168-010-010 Zoning: RM4 PARCEL 3 ± 9.25 AC / ± 402,930 SF APN:168-010-035 Zoning: RM4

zoning

Zoning Code RM4 (Multifamily Residential(RM4): MF residential uses w/ units w/one unit per 1,500 square feet of lot area = to a maximum density of 29.04 units per ACRE)
RM4 (Multifamily Residential(RM4): MF residential uses w/ units w/one unit per 1,500 square feet of lot area = to a maximum density of 29.04 units per ACRE)
  • Listing ID: 32059972

  • Date on Market: 07/06/2024

  • Last Updated:

  • Address: 789 N West St, Tulare, CA 93274

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