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    OFF-MARKET
    Investment properties

    217 7th St, Hanford, CA 93230-4523

    5,000 SF 0.12 ac lot
    Individually Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-3600564
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Total area 5,000 SF
    Lot 0.12 ac (5,253 SF)
    Zoning code DC
    APN 012-055-004-000
    UPID US09-3600564
    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
    Current use
    Occupant on record · Public records
    • Laporsha Foster - Vero Mortgage Loan Service Bank
    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
    Jeremy J Hansen · 3 yrs held
    Jeremy J Hansen
    since 2023
    Last sale
    $385,000
    3 recorded transactions
    2023
    2022
    $385,000
    2020
    Zoning & alternative use
    DC · Hanford, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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