Investment/Developer Opportunity in Hanford, CA! Rare 1-acre, two-parcel property zoned O-R (Office-Residential) with Brand NEW Fence, offering strong potential for residential living, multi-unit development or income-producing hold. Currently tenant-occupied on a month-to-month lease, providing immediate income and future flexibility. The 4-bedroom home includes a versatile bonus room with private outdoor access (ideal as a fourth bedroom, office, or gym), primary bedroom with ensuite bathroom, indoor laundry room and recent upgrades such as a New Roof in 2025, Brand-New Fencing and fresh stucco exterior for added value and long-term durability. The expansive lot features a fenced backyard with rear porch views and ample space for recreation, RV/boat parking, hobby farming, ADU potential or future expansion - with additional land extending well beyond the fence line toward the railroad tracks. Conveniently located off Hwy 198 with easy access to NAS Lemoore, offering a rural-style setting while still centrally located in the heart of Hanford's shopping, dining and major conveniences. Opportunities with this zoning and acreage don't come up often, call today to explore the full potential of this property!