550 11Th AveHanford, CA 93230

Property Details for 550 11Th Ave

Year built

1994

Construction

TYPE NOT SPECIFIED

Lot size

5.46 AC

Property size (Sq ft)

58,416 SF

Zone code

MXC

Property type

Retail properties

Property subtype

Super regional malls

APN

010-500-011-000

APU

10500011000

Description

This exceptional Class A retail property, located at 550 N. 11th Avenue (Northwest corner of 11th & Lacey) in Hanford, California, 93230, presents a unique leasing opportunity. The entire 23,154 square foot shopping center is currently available, offering a single, contiguous space ideal for a large-format retailer or a multi-tenant user seeking a prominent location. Built in 2019, the property boasts modern amenities and a high-visibility position within a thriving commercial area. The zoning is designated Commercial/Shopping Center, ensuring flexibility for a variety of retail uses. The building features two suites in total, and there are no elevators. Kings County provides a strong market for retail businesses, and this property's location at the northwest corner of 11th and Lacey avenues guarantees high foot traffic and excellent brand exposure. This is a rare opportunity to secure a substantial, fully vacant retail space in a desirable location. The property's size is not divisible, meaning the entire 23,154 square feet is available for lease. Interested parties should act quickly to secure this prime retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $12,173,688

  6.5%

  $11,237,250

  7%

  $10,434,589

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,547,820

  Geo Method

  $38,457,676

• Alternative Use

  Use

  Valuation

  Residential

  $9,479,041

  Hospitality

  $8,682,751

  Educational

  $7,223,946

  Medical

  $7,472,389

  Retail

  $11,237,250

Location Insight

City

Hanford

County

Kings

State

California

Latitude

36.3299

Longitude

-119.656

CBSA code

25260

CBSA name

HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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