620 7Th StHanford, CA 93230

Property Details for 620 7Th St

Year built

1996

Construction

TYPE NOT SPECIFIED

Lot size

0.27 AC

Property size (Sq ft)

2,173 SF

Zone code

CC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

012-061-009-000

APU

12061009000

Description

This established Hanford, CA, convenience store and gas station is offered at $695,000. Boasting 2,173 square feet, it includes a gas station, food shop, liquor store, and C-store. The business generates monthly gross sales between $55,000 and $60,000, with a 30% margin. Fuel sales average 30,000-35,000 gallons monthly, adding significant revenue at 30 cents per gallon. The property operates daily from 5:00 AM to 11:00 PM, employing three staff members. A 14-year lease remains, expiring July 31, 2038, with a monthly rent of $4,500. Located at 620 W 7th St, Hanford, CA 93230, this single-story building presents a strong, income-generating investment opportunity for owner-operators or investors seeking a turnkey operation in a prime location. The business's consistent performance and long-term lease provide financial stability and a clear path to profitability. This is a rare opportunity to acquire a well-established and successful business in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $452,846

  6.5%

  $418,011

  7%

  $388,153

• Comparable approach

  Method

  Valuation

  Relative Method

  $727,154

  Geo Method

  $1,430,341

• Alternative Use

  Use

  Valuation

  Residential

  $352,608

  Hospitality

  $322,987

  Educational

  $268,722

  Medical

  $277,963

  Retail

  $418,011

Location Insight

City

Hanford

County

Kings

State

California

Latitude

36.3255

Longitude

-119.655

CBSA code

25260

CBSA name

HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].