121 7th St Hanford, CA 93230-4521
- Investment properties
- 13,760 SF
- 0.18 lot acres
Current Use by Public Records
- Emma's Bridal Shop / Bridal Shop
- Lavine's Smog & Tune Auto Repair / Auto Repair Shop
Property Details for 121 7th St
- Year built
- 1900
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.18 lot acres
- Property size
- 13,760 SF
- Zone code
- DC
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 012-054-002-000
- APU
- 12054002000
Description
This exceptional, fully remodeled 15,000 square foot, two-story office building offers six available suites ranging from approximately 148 to 1,490 square feet. Located at 121 W 7th St, Hanford, CA 93230, this property boasts a highly visible downtown location, just blocks from the Courthouse and City Hall. Built in 1900 and extensively renovated in 2024, the building features a "Class A" finish with brand-new hard-surface flooring, upgraded restrooms, crown molding, energy-efficient LED lighting, fresh interior and exterior paint, and secure metal doors. The property sits on a 0.18-acre lot and is zoned MX-D (Downtown Mixed Use), making it suitable for a variety of professional uses, including attorney practices, medical offices, and other professional services. The all-inclusive rate covers utilities and common area maintenance. Convenient access to three public parking lots providing over 200 spaces, plus ample street parking, ensures convenient parking for tenants and clients. The lush landscaping enhances the building's curb appeal. This is an exceptional opportunity to secure prime office space in the heart of downtown Hanford. APN: 012-054-002.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $605,000
- 6.5%
- $720,000
- 7%
- $665,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $620,000
- Geo Method
- $580,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $635,000
- Retail
- $625,000
- Mixed-Use
- $585,000
- Hospitality
- $520,000
- Educational
- $515,000
- Residential Income
- $710,000
- Energy
- $690,000
- Income-Based Land
- $560,000
- Food Service
- $630,000
Location Insight
- Map
- Local Demand
- City
- Hanford
- County
- Kings
- State
- California
- Longitude
- -119.647
- Latitude
- 36.3261
- CBSA code
- 25260
- CBSA name
- HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
