729 Lacey BlvdHanford, CA 93230
- Retail properties
- 9,270 SF
Property Details for 729 Lacey Blvd
- Lot size
- 0.40 AC
- Property size (Sq ft)
- 9,270 SF
- Zone code
- CC
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 012-261-003-000
- APU
- 12261003000
Description
The Gables Shopping Center offers a fantastic retail opportunity in the heart of Hanford's Central District. This strip center, located at the southwest corner of 11th and Lacey Boulevard, boasts a highly visible location with excellent access to Highway 198 on/off ramps. The 543 square foot building currently has 680 square feet of vacant space available, perfect for a variety of retail uses. The center enjoys significant foot traffic due to its proximity to Adventist Health Medical Center, numerous Kings County Government Agencies, and Hanford West High School, serving a population exceeding 56,000. Existing tenants include Port of Subs and Wienerschnitzel, further enhancing the center's appeal. The property benefits from heavy commuter traffic along Lacey Boulevard and offers ample free on-site parking for customer convenience. Building and pylon signage opportunities are available along Lacey Boulevard, providing excellent visibility for potential tenants. This is a rare opportunity to establish a business in a thriving, well-established shopping center with strong demographics and high visibility. The available space is ready for immediate occupancy.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,931,835
- 6.5%
- $1,783,232
- 7%
- $1,655,859
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,102,032
- Geo Method
- $6,102,378
-
Alternative Use
- Use
- Valuation
- Residential
- $1,504,223
- Hospitality
- $1,377,860
- Educational
- $1,146,364
- Medical
- $1,185,789
- Retail
- $1,783,232
Location Insight
- City
- Hanford
- County
- Kings
- State
- California
- Latitude
- 36.3275
- Longitude
- -119.656
- CBSA code
- 25260
- CBSA name
- HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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