Elder Ave & 9th Ave

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Elder Ave & 9th Ave

Hanford, CA 93230
Asking Price
$1.41M
Asset Type
Agricultural Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel totals 58.64 acres of agricultural land
  • Offered for sale at a price of $1,407,360
  • Site located at the intersection of Elder and 9th Avenue
  • Positioned in Hanford within the productive San Joaquin Valley
  • Suitable for various intensive commercial agricultural production operations

What's Special

This 58.64-acre agricultural land asset is positioned at the intersection of Elder Avenue and 9th Avenue in Hanford, California. Located within the heart of the San Joaquin Valley, the property benefits from the region's productive soil and well-established irrigation infrastructure, which support a wide range of intensive farming operations. The flat topography of the site offers flexibility for various planting strategies or potential long-term development considerations in a market known for its agricultural output. Hanford remains a key hub in Kings County, serving as a significant contributor to the California food and fiber economy through its reliable climate and access to regional logistics networks. Investors and operators looking to expand their footprint in this productive submarket will find this parcel serves as a viable addition to a larger portfolio or as a standalone venture for those focused on high-yield production cycles.

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NOI
$80,000
Cap Rate
5.68%
DSCR
0.96
Underwater
Cash-on-Cash
-0.84%
Monthly Payment
$6,962.849
Annual Cash Flow
$-3,554.193

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