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    1126 7Th St Hanford, CA 93230

    Sponsored
    For Sale
    $300,000

    ±0.93 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This ±0.93-acre parcel of vacant commercial land presents a unique development opportunity in Hanford, CA. Located at 1126 W 7th St, this strategically positioned property boasts an MX-C zoning designation, allowing for a variety of commercial and residential uses, including multifamily, office, and retail developments. The site is exceptionally well-situated near the Hanford Mall and benefits from high visibility and convenient access to CA-198, providing easy connections to Visalia, Lemoore, Fresno, and Tulare. Daily traffic counts on nearby major thoroughfares, including CA-198 and 11th Avenue, exceed 78,898 vehicles, ensuring significant exposure for any development. The property is shovel-ready, with all wet and dry utilities already in place. Its rectangular shape and proximity to existing residential areas make it ideal for multifamily projects. The site's location conforms to all relevant policies, avoids traffic congestion, and offers adequate road capacity. Existing traffic ramps further enhance accessibility. This is a rare opportunity to acquire a prime development site in a thriving area with exceptional infrastructure and high traffic volume. The APN is 012-240-004 & 012-240-030. The asking price is $300,000.

    Property Features for 1126 7Th St

    General Information

    Property type
    Land
    Lot Size
    40,511 SF

    HighLights

    • 0.93‑acre development parcel near multifamily housing.
    • Prime location at major intersections.
    • Easy access to Highway 198.
    • Proximity to regional retail centers.
    • High‑visibility, shovel‑ready, rectangular lot.
    • Adjacent to existing residential communities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanford
    County
    Kings
    State
    California
    Longitude
    -119.6625693
    Latitude
    36.3254232

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    FAQs

    What type of property is this?
    Land - ±0.93 Acres, Prime Development Site
    Where is this land located?
    The property is located at 1126 7Th St Hanford, CA.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: 0.93-acre development parcel near multifamily housing.; Prime location at major intersections.; Easy access to Highway 198.
    (559) 705-1000
    Request Owner's contact information
    1126 7Th St Hanford, CA 93230
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    Hanford, CA 93230
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1126 7Th St Hanford, CA 93230
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