Description
Great opportunity—don’t miss out on this commercial property in downtown Hanford! This 16,000 sq. ft. retail building, with an additional 9,000 sq. ft. basement, $1,250,000 with a 10% cap rate, NNN in place. Ideal Furniture Gallery recently extending their lease through December 2037 for the 25,000 sq. ft. space (occupied since 2013). The basement is accessible from both the front and back of the building. Located within walking distance to the shopping center, City Hall, and close to the freeway. The property has the potential to be divided into four sections (A, B, C, D), each with its own separate electrical meter. An appraisal is upon request (Appraisal at $1,800,000 in 2022). Please do not disturb the tenant. The property is zoned for Downtown Commercial use, allowing for retail, service, and office users, with potential for a dispensary upon city approval. Adjacent public parking is on the street and in nearby lots.
Property Details
- Lot DescriptionStreetLevel
- Stories1
Construction Details
- Property TypePurchase
Condition
- Year Built1940
Community and Neighborhood Details
- CountyKings
Financial Details
- Original List Price$1,250,000
Other
- MLS #PTP2404591
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Zina Hanna (#806685)
Listing Office: Coldwell Banker West (#87985)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
