415 3rd St Hanford, CA 93230-5014
- Warehouses
- 7,606 SF
- 0.86 lot acres
Current Use by Public Records
- Loretto Self Storage Unit / Self-Storage Facility
Property Details for 415 3rd St
- Year built
- 1967
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.86 lot acres
- Property size
- 7,606 SF
- Property type
- Warehouses
- APN
- 012-136-009-000
- APU
- 12136009000
Description
This exceptional commercial property, situated at 415 W 3rd Street in Hanford, California, presents a compelling investment opportunity. Boasting a substantial 7,606 square feet of building space and a generous 0.86-acre lot, this property offers unparalleled versatility. Its strategic location adjacent to Highway 198 ensures high visibility and convenient access for both customers and employees, maximizing its potential for a wide range of commercial uses. The expansive lot provides ample space for various applications, from expanding existing operations to creating additional parking or outdoor storage areas. The existing building's layout is adaptable, allowing for customization to suit specific business needs. This property is ideal for entrepreneurs seeking a prominent location to establish or expand their business, or for investors looking for a strong return on investment in a thriving area. The combination of size, location, and adaptability makes this a truly unique opportunity in the Hanford commercial real estate market. The asking price is $900,000. Don't miss this chance to acquire a highly desirable commercial property with significant growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $595,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $640,000
- 6.5%
- $620,000
- 7%
- $570,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $550,000
- Geo Method
- $650,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $580,000
- Retail
- $660,000
- Mixed-Use
- $655,000
- Hospitality
- $545,000
- Educational
- $695,000
- Residential Income
- $560,000
- Energy
- $645,000
- Income-Based Land
- $565,000
- Food Service
- $630,000
Location Insight
- Map
- Local Demand
- City
- Hanford
- County
- Kings
- State
- California
- Longitude
- -119.651
- Latitude
- 36.3213
- CBSA code
- 25260
- CBSA name
- HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
