150 S 11th Ave - Storefront FOR SALE


Hanford, CA 93230
$3,950,000 USD
949-903-3399
150 S 11th Ave, Hanford, CA for Sale
$3,950,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

150 S 11th Ave
Hanford, CA 93230


HIGHLIGHTS

  • Value-Add Deal – Potential for Lease-Up or Redevelopment - Zoned Regional Commercial
  • 28,121 SF Building on 2.70 Acre Parcel w/Pole Signage – 1978 Construction
  • Positioned on the Hard Corner Signalized Intersection of S 11th Ave & W 5th St
  • Adjacent to California State Route 198 – 32,100 + VPD – 180 Feet of Highway Frontage
  • 0.5 Miles from Hanford Town Center – Smart & Final! Anchored Community Center
  • 0.5 Miles from Adventist Health Hanford – 173 Bed General Acute Care Hospital

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased t offer investors the opportunity to acquire a vacant big box retail asset in Hanford, CA. The 28,121 SF former Big Lots is positioned on a large 2.7-acre parcel on the hard corner signalized intersection of S 11th Avenue and W 5th Avenue. The property is adjacent to California State Route 198 which sees over 32,100 VPD and is positioned between Hanford’s downtown area and the 12th Avenue Retail Corridor, the busiest retail trade area in the county. The 12th Avenue retail corridor is home to the 500,000 SF Hanford Mall and numerous national retailers including The Home Depot, Lowe’s Home Improvement, Walmart Supercenter, Target, McDonald’s, In-N-Out Burger, Panera Bread, Starbucks, Chipotle and more. Additionally, the subject property is half a mile from the 173-bed Adventist Health Hanford Hospital and the Smart & Final! Anchored Hanford Town Center. Don’t miss out on this opportunity to purchase a vacant big box retail asset in California’s Central Valley offering value add potential for a savvy investor.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

109

LAND DETAILS

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

C-2

APN/PARCEL ID

012-290-055-000

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.