729 Lacey BlvdHanford, CA 93230

  • Retail properties
  • 9,270 SF
For Lease
$15/SF/YR View listing

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
729 Lacey Blvd, Hanford, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$10,373
$131,352
$826,874
$958,226
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