For Sale
$2,400,000

425 7Th St Hanford, CA 93230

Iconic 16,462 SF Office Building for Sale

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional Class A office building, known as the "Laundry Building," presents a unique investment opportunity in historic Hanford, California. Built in the early 1900s, this iconic two-story structure offers 16,462 square feet of versatile space currently configured as creative, executive, and traditional office suites. The property boasts a desirable location near downtown Hanford amenities and Highway 198, providing easy access to Visalia and surrounding areas. The building sits on a large private lot with ample parking, a rare find in this location. Currently leased to James G Parker Insurance, this investment property offers a pro-forma cap rate of 6.97% and an asking price of $2,400,000 ($145.79/SF). The property is zoned DC and features the APN 012-064-009. This is a prime opportunity to acquire a historically significant and well-located commercial property with strong income potential. The building's unique character and prime location make it an ideal investment for discerning buyers seeking a blend of history, functionality, and strong returns. The ample parking and convenient access to major thoroughfares further enhance its appeal. This is a rare chance to own a piece of Hanford's history while securing a profitable investment.

Highlights

  • Historic Hanford Laundry Building investment opportunity available.
  • Early 1900s construction, currently leased to professional businesses.
  • Large private lot with ample parking.
  • Excellent location near downtown Hanford and Highway 198.

Property Details for 425 7Th St

Property type
Office properties, Office space
Square Feet
16,462 SF
Class
A
Buildings
1
Stories
2

Location Insight

City
Hanford
County
Kings
State
California
Latitude
36.2808234
Longitude
-119.6499162
425 7Th St, Hanford, California

FAQs

What type of property is this?
Office property - Iconic 16,462 SF Office Building for Sale
Where is the office property located?
The property is located at 425 7Th St Hanford, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Historic Hanford Laundry Building investment opportunity available.; Early 1900s construction, currently leased to professional businesses.; Large private lot with ample parking.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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425 7Th St
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