0 8 3/4 Ave Hanford, CA 93230
This exceptional 3.02-acre commercial land parcel, located at the intersection of Lacey Blvd and 8 3/4 Ave in Hanford, CA (APN 016-060-043), presents a unique investment opportunity. Zoned C-MX Commercial Mix Use, this property allows for a wide range of development options, including but not limited to: medical facilities (2000+ sq ft), urgent care clinics, gas stations with convenience stores, food markets, hotels/motels, multi-family residential, storage facilities, light industrial uses, office spaces (dental, medical, optometry), restaurants with drive-thrus, utility yards, fitness centers, and building material supply businesses. The property sits on one of Hanford's busiest corridors and is poised to benefit significantly from ongoing city improvements. Hanford is currently undertaking a two-year beautification project for Lacey Blvd, including the installation of curbs, gutters, and sidewalks, anticipating the arrival of the high-speed rail. Furthermore, the city is annexing the land between Lacey Blvd and Grangeville Blvd, projected for completion in 2024, alongside the planned construction of Heroes Park in the fall of 2024. This prime location and the extensive permitted uses make this a highly attractive investment for developers seeking to capitalize on Hanford's growth and future development. A detailed zoning matrix is available upon request. The asking price for this exceptional opportunity is $600,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.