929 10Th AveHanford, CA 93230

Property Details for 929 10Th Ave

Year built

1976

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

1,400 SF

Zone code

MC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

014-185-001-000

APU

14185001000

Description

This exceptional investment opportunity presents a well-established convenience store and grocery store in Hanford, CA. Located at 929 N 10th Ave, 93230, this 1,400 square foot, single-story building is priced at $350,000 ($250/sq ft). Sam's Liquor & Market boasts a long-standing presence in the community, known for its quality products and service. Its prime location ensures high visibility and consistent customer traffic from surrounding residential and commercial areas. The business generates diverse revenue streams from liquor sales, groceries, snacks, and household essentials. The property offers potential for expansion or diversification, allowing for increased profitability. This turnkey operation includes existing inventory and equipment, minimizing transition time. This is a rare chance to acquire a thriving retail business in a desirable Hanford location. The property is situated in Kings County and benefits from high accessibility and a loyal customer base. This established business offers a strong foundation for continued success and growth. Don't miss this chance to own a profitable and well-regarded retail establishment.

• CAP approach

  CAP return

  Valuation

  6%

  $291,755

  6.5%

  $269,312

  7%

  $250,076

• Comparable approach

  Method

  Valuation

  Relative Method

  $468,484

  Geo Method

  $921,291

• Alternative Use

  Use

  Valuation

  Residential

  $227,175

  Hospitality

  $208,091

  Educational

  $173,129

  Medical

  $179,084

  Retail

  $269,312

Location Insight

City

Hanford

County

Kings

State

California

Latitude

36.3347

Longitude

-119.637

CBSA code

25260

CBSA name

HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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