218 Ivy StHanford, CA 93230

Property Details for 218 Ivy St

Lot size

0.12 AC

Zone code

RM3

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

010-198-011-000

APU

10198011000

Description

This exceptional opportunity presents a thriving convenience store located at 218 E Ivy Street, Hanford, CA 93230, in Kings County. Priced at $82,250, this special purpose, industrial property offers a turnkey business model with significant upside potential. Currently operating as "Family Market," the store boasts a diverse inventory including snacks, beverages, adult beverages, tobacco products, lottery tickets, apparel, and household goods. The existing business also provides check-cashing services, generating multiple revenue streams. The property features ample shelf, storage, and counter space, allowing for expansion and diversification. Adding a hot food service is a viable option to further increase profitability. The property's strategic location in Hanford, California, ensures high visibility and accessibility to a substantial customer base. This is an ideal acquisition for an entrepreneur seeking an established business with immediate cash flow and significant growth potential. The property is zoned for manufacturing and other industrial uses, offering flexibility for future expansion or adaptation to other compatible businesses. This is a rare opportunity to own a profitable, established business in a desirable location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,064,281

  6.5%

  $982,413

  7%

  $912,241

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,708,962

  Geo Method

  $3,361,203

• Alternative Use

  Use

  Valuation

  Residential

  $828,702

  Hospitality

  $759,087

  Educational

  $631,551

  Medical

  $653,271

  Retail

  $982,413

Location Insight

City

Hanford

County

Kings

State

California

Latitude

36.3324

Longitude

-119.644

CBSA code

25260

CBSA name

HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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