1697 Lacey BlvdHanford, CA 93230

Property Details for 1697 Lacey Blvd

Lot size

1.03 AC

Zone code

RC

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $7,952,250

  6.5%

  $7,340,540

  7%

  $6,816,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,196,080

  Geo Method

  $13,014,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $15,064,700

  Mixed-Use / Specialty

  $7,011,330

  Hospitality / Lodging

  $4,749,450

  Office

  $6,654,050

  Institutional / Educational

  $7,180,660

  Residential Income

  $8,401,370

  Multifamily

  $11,756,100

  Automotive / Energy

  $6,154,850

  Parking / Income-Based Land

  $2,423,360

  Restaurant / Food Service

  $2,999,910

  Healthcare / Senior Housing

  $7,500,750

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].