1697 Lacey BlvdHanford, CA 93230
- Retail properties
- 1.03 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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