217 7Th StHanford, CA 93230

Property Details for 217 7Th St

Lot size

0.12 AC

Property size (Sq ft)

5,000 SF

Zone code

DC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

012-055-004-000

APU

12055004000

Description

This exceptional 5,071 square foot retail/office building, located at 217 W 7th St in Hanford, CA 93230, presents a unique investment opportunity. Built in 1940 and extensively renovated in 2014 and 2021, this single-story building sits on a 0.12-acre lot (APN: 012-055-004) and is zoned MX-D. The property boasts a high-exposure corner location within a densely populated trade area, benefiting from approximately 17,864 cars per day passing by. The interior features three classrooms, two offices, a conference room, a large breakroom, and restrooms, all in move-in ready condition with new carpet and upgraded bathrooms. Ample private parking is available with multiple access points. The building's proximity to Main Street Hanford, a hub for community events, further enhances its appeal. This is an ideal location for a variety of businesses, capitalizing on the high visibility and pedestrian traffic in downtown Hanford. The asking price is $550,000, translating to $108.46 per square foot. Within a 5-mile radius, there are approximately 71,912 residents. This property offers unmatched access and visibility, making it a truly exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $878,951

  6.5%

  $811,339

  7%

  $753,387

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,029,124

  Geo Method

  $2,023,929

• Alternative Use

  Use

  Valuation

  Residential

  $811,339

  Hospitality

  $743,183

  Educational

  $618,319

  Medical

  $639,584

  Retail

  $961,830

Location Insight

City

Hanford

County

Kings

State

California

Latitude

36.3259

Longitude

-119.648

CBSA code

25260

CBSA name

HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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