Centennial Dr & Lacey Blvd - Commercial LAND FOR SALE


Hanford, CA 93232 444,312 SF
$3,332,340 USD
559-476-5587
Centennial Dr & Lacey Blvd, Hanford, CA for Sale
$3,332,340 USD
Commercial LAND - FOR SALE
1/2
444,312 SF

Centennial Dr & Lacey Blvd
Hanford, CA 93232


HIGHLIGHTS

  • The last Large tract of undeveloped office land in Hanford.
  • Extremely low vacancy in office sector in both Hanford submarket and Greater Hanford-Lemoore MSA.
  • Zero new supply in pipeline with considerable existing demand and high growth projections.
  • Located on Lacey Boulevard, a primary thoroughfare in the City of Hanford, in close proximity to hospital and superior court.

OVERVIEW

Marcus & Millichap is pleased to present 10.2-Acres of bare land for commercial development in Hanford, California. Located on Lacey Boulevard, the primary commercial thoroughfare in Hanford, the subject offers location factors unmatched by any other undeveloped parcel in the trade area. The subject sits adjacent to a Lowes anchored retail center and directly North of a planned 316-unit apartment community to be built in two phases.Centennial Avenue which runs North-South along the East side of the subject site is a loop road which provides direct access to Adventist Medical Center, the only hospital in Hanford as well as the King’s County Government Center and the Superior Court. There has been an acute supply shortage in the Hanford submarket going back at least 5-years which little to no new deliveries over that period. At the time of publication there are no new office projects in the development pipeline in Hanford. Portions of the subject site fronting on Lacey Boulevard may be suitable for retail pads, for which there is significant demand in Hanford and very little supply (see sample site plans).The subject is generally flat and level and utilities are stubbed to the site.

FOR SALE DETAILS

PRICE

$3,332,340 USD

PRICE/ACRE

$326,700/AC

PRICE/SF

$8 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Office

LAND ACRES

10.2 AC

LAND SF

444,312 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

O

APN/PARCEL ID

011-020-057-000

ASK ABOUT THIS PROPERTY

Christopher AjluniMarcus & Millichap Real Estate Investment ServicesMore Info
559-476-5587

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Christopher AjluniMarcus & Millichap Real Estate Investment ServicesMore Info
559-476-5587

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