208 N Douty St Hanford, CA

This leased freestanding commercial building offers an investment opportunity with a 7.96% cap rate and cash-on-cash return after stabilized. The property is a cash cow, projected to produce $290,000 in rents, equating to $16.75 per square foot per year. It features functional, hard-to-find small spaces that are easy to rent. The building is well-known and offers exposure on Douty Avenue, along with a private lit parking lot and street parking. The location is convenient, situated between CA-198 and CA-43, within a busy and established corridor with quick access to downtown. Its proximity to major traffic generators, including CA-198, enhances its accessibility and visibility. The property is of quality construction, well-maintained, and offers economical spaces. It features ample parking, quality tenants, and great exposure, with easy access, separate suites, and multiple configurations. The property requires little management or maintenance after remodeling. The location is near a proposed high-speed rail station in Hanford, offering long-term growth potential through improved accessibility. The property has long-term tenants with upside potential via leasing, a quality roof, working HVAC systems, and functional floorplans. The property size is 21,450 square feet.