217 7th St Hanford, CA 93230-4523
- Investment properties
- 5,000 SF
- 0.12 lot acres
Current Use by Public Records
- Laporsha Foster - Vero Mortgage / Mortgage Broker
Property Details for 217 7th St
- Lot size
- 0.12 lot acres
- Property size
- 5,000 SF
- Zone code
- DC
- Property type
- Investment properties
- Property subtype
- Retail residential 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $410,000
- 6.5%
- $485,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $445,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $430,000
- Retail
- $500,000
- Mixed-Use
- $445,000
- Hospitality
- $425,000
- Educational
- $490,000
- Residential Income
- $520,000
- Energy
- $445,000
- Income-Based Land
- $515,000
- Food Service
- $430,000
Location Insight
- Map
- Local Demand
- City
- Hanford
- County
- Kings
- State
- California
- Longitude
- -119.648
- Latitude
- 36.3259
- CBSA code
- 25260
- CBSA name
- HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA