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    505 7Th St Hanford, CA 93230

    For Sale
    $525,000

    ±2,400 SF, 5.93% Cap Rate

    Property size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a fully leased, ±2,400 square foot restaurant building situated on a ±0.172-acre lot in Hanford, California. The property, located at 505 E 7th St, 93230, boasts a prime retail location within Hanford's central business district, offering excellent visibility and convenient access to Highway 198. The existing tenant, Asia Garden, a well-established Chinese restaurant, has occupied the space since July 1, 1996, under a lease expiring June 30, 2024. The property features ample parking, excellent existing signage, and a clear-span interior. The asking price is $525,000, representing a compelling $218.75 per square foot and a 5.93% capitalization rate based on a Net Operating Income (NOI) of $31,146. The property is zoned MX-D Downtown Mixed Use, providing flexibility for future uses. This is a value-add investment opportunity with a long-standing tenant and strong potential for future returns. All equipment and fixtures are included in the sale. The property's location within a thriving retail area and its proximity to major roadways ensures high traffic and visibility, making it an attractive investment for discerning buyers. The building consists of one structure. This is a rare opportunity to acquire a stable, income-producing asset in a desirable location.

    Property Features for 505 7Th St

    General Information

    Property type
    Restaurants
    Square Feet
    2,400 SF
    Lot Size
    7,492 SF

    Building Details

    Buildings
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Asia Garden Chinese Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanford
    County
    Kings
    State
    California
    Longitude
    -119.6390911
    Latitude
    36.3274748

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    FAQs

    What type of property is this?
    Restaurant - ±2,400 SF, 5.93% Cap Rate
    Where is this restaurant located?
    The property is located at 505 7Th St Hanford, CA.
    What is the asking price?
    The asking price for this property is $525,000.
    Request Owner's contact information
    505 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
    505 7Th St Hanford, CA 93230
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