1697 Lacey BlvdHanford, CA 93230

  • Retail properties
  • 1.03 AC
For Sale
$2,399,900 View listing

Property Details for 1697 Lacey Blvd

Lot size
1.03 AC
Zone code
RC
Property type
Retail properties
Property subtype
Super regional malls
APN
011-060-043-000
APU
11060043000

Description

Exceptional investment opportunity: a thriving, full-service car wash in Hanford, CA, is available for sale. This 3,120 square foot facility sits on a 1.03-acre lot at 1697 W Lacey Blvd, 93230, boasting high visibility and easy access from a major thoroughfare. The single-story, 1993-built building (APN: 011-060-043-000) is currently 100% occupied and features a single tunnel car wash approximately 65-70 feet long. The property is zoned RC and offers ample parking (20 spaces per 1,000 sq ft). Priced at $2,399,900 ($769.20/sq ft), this owner-user opportunity presents a strong return on investment. The business and real estate are included in the sale. While currently a full-service operation, the car wash can be converted to automated with an estimated upgrade investment starting at $200,000. This turnkey operation is ideal for an investor seeking a profitable venture or an owner-operator looking to expand their business. The property's prime location and well-maintained condition make it a truly attractive proposition. The business is currently owner-operated.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,349,916
    6.5%
    $8,630,691
    7%
    $8,014,214
  • Comparable approach

    Method
    Valuation
    Relative Method
    $15,013,566
    Geo Method
    $31,534,212
  • Alternative Use

    Use
    Valuation
    Residential
    $7,280,311
    Hospitality
    $6,668,726
    Educational
    $5,548,302
    Medical
    $5,739,116
    Retail
    $8,630,691
1697 Lacey Blvd, Hanford, California

Location Insight

City
Hanford
County
Kings
State
California
Latitude
36.3273
Longitude
-119.672
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
$20,103
$1,428,385
$428,727
$1,857,112
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