11232 West Hanford Armona Road

11232 West Hanford Armona Road is a 4.73-acre residential land offering in Hanford, CA, within the Kings County submarket of the Hanford-Armona market. Its flat topography, RMD zoning and frontage along Highway 198 give builders a defined site from which to plan.

The Property offers 206,039 SF of available land with access from Hanford Armona Road. Its long Highway 198 frontage puts the parcel in view of passing traffic, with a traffic count of 70,000 AADT. Flat ground gives a builder a straightforward starting point for site planning, while the road access and frontage connect that plan to how people will reach the property. The parcel is identified as APN 012-310-019.

The site sits just south of State Route 198 near 11th Avenue and Hanford Armona Road. Entrance and exit ramps at 11th Avenue are less than 1 mile away, and a full interchange is nearby at 12th Avenue. Hanford Mall is a mile away; Adventist Health Hanford, schools and existing housing developments are also nearby. For a residential builder, those connections place a future project within reach of shopping, services and established neighborhoods without losing the visibility of the highway frontage.

The asking price is $640,000, or $3.11 PSF. That positions the sale for a builder seeking a residential site with identified zoning and access, or a land investor focused on its location and frontage. The parcel is annexed to the city of Hanford, giving buyers a defined municipal setting for their development plans. Review the Offering Materials to take the next step with the Property.

Highlights

• ±4.73 Acres of Residential Land on Hanford-Armona Road
• Close proximity to Highway 198 and 11th Avenue w/ Great Access & Exposure
• Growing Demand for Residential Housing in Kings County
• Minutes From Adventist Health Hanford and Multiple Schools
• In High Traffic Developed Area - Over ±70,000 Cars Per Day
• Located in Hanford's Prime Retail District
• Situated Near Many Existing Housing Developments
• Near Major Corridors servicing Airport
• Mall
• Downtown, & Housing
• Easily Accessible from W Hanford Armona Rd
• Level Topography For Easier Development
• Convenient Access to CA State Route 198
• Excellent Opportunity for Builders or Long-Term Investors
• Free And Clear Parcel Ready For Developers Concept

Property details

• Traffic Count: 70,000 cars per day
• Cross Street: 11th Avenue
• Market: Hanford-Armona
• Annexation: Annexed to the City of Hanford
• Nearby: Hanford Mall
• Walmart
• Home Depot
• Target
• Starbucks
• Dutch Bros
• Dunkin
• Panera
• Farmer Boys
• Chili's
• Marshalls
• Bank of America
• US Bank
• Wells Fargo
• Fugazzis
• Lemoore Naval Air Station: 10 miles west
• Highway access: full interchange at 12th Avenue
• ramps at 11th Avenue less than 1 mile
• Residual analysis: minimum 8,500 SF lots, 5.12 lots per acre, 24 total lots
• Residual land value per lot: $34,338
• Estimated current land value (total): $831,574
• Estimated land value per acre: $175,808.37
• Average home value assumption: $518,134 (1,891 SF at $274/SF)
• Total Population: 13,774 (1 mi), 70,508 (5 mi), 106,972 (10 mi)
• Total Households: 4,008 (1 mi), 23,163 (5 mi), 35,422 (10 mi)
• Average HH Income: $69,398 (1 mi), $90,532 (5 mi), $91,205 (10 mi)
• Average House Value: $291,402 (1 mi), $361,317 (5 mi), $385,759 (10 mi)
• Average Age: 34 (1 mi), 37 (5 mi), 36 (10 mi)
• Nearby Highway 198 access: Entrance and exit ramps at 11th Avenue less than 1 mile away; full interchange at nearby 12th Avenue
• Nearby businesses and amenities: Near Adventist Health Hanford, Hanford Mall, Walmart, Home Depot, Starbucks, Dutch Bros, Dunkin Donuts, Target, Panera, Farmer Boys, Chilis, Bank of America, US Bank, Wells Fargo, Marshalls and Fugazzis
• Projected residential lot yield: 24 lots, assuming minimum 8,500 SF lots
• Modeled land value, not asking price: $831,574 total; $175,808.37 per acre
• Population within 1 / 5 / 10 miles: 13,774 / 70,508 / 106,972
• Average age within 1 / 5 / 10 miles: 34 / 37 / 36
• Average male age within 1 / 5 / 10 miles: 33 / 36 / 35
• Average female age within 1 / 5 / 10 miles: 35 / 38 / 37