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    FOR SALE
    Investment properties

    1126 W 7Th St, Hanford, CA 93230

    1,146 SF 0.16 ac lot Built 1951
    Individually Owned 3-yr Hold Absentee Owner
    Property ID
    US09-0821458
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1951
    Construction WOOD
    Total area 1,146 SF
    Lot 0.16 ac (7,000 SF)
    APN 012-240-004-000
    UPID US09-0821458
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Kings Residential Limited Partnersh · 3 yrs held
    Kings Residential Limited Partnersh
    since 2022
    Last sale
    $275,000
    5 recorded transactions
    2022
    $275,000
    2015
    2001
    $60,000
    2000
    1999
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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