729 LaceyHanford, CA 93230

Property Details for 729 Lacey

Lot size

0.40 AC

Property size (Sq ft)

9,270 SF

Zone code

CC

Property type

Strip malls

Property subtype

Neighborhood centers

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.

• 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

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