In 1998, construction valuations totaled $6,560,381 with single family valuations havingtotaled $6,083,817 and industrial valuations having totaled $6,569,381.In 1998, 59 single-family permits were issued in the city, an increase of 20 permitsfrom 39 permits in 1997. Of the 59 permits issued, 27 permits were issued for the RoyalCoach Park and 31 permits were issued to CHISPA for affordable housing projects.
Commercial & Industrial Vacancies
King City has an inventory of approximately100 acres of commercially zoned property. Approximately 50 acres is vacant and available for development. Commercial property is estimated to cost between $2.25 to $3 per square foot. Building space ranges from 1,000 - 15,000 square feet. Most space is located along Broadway Avenue. Rental rates are negotiable and generally range from$0.50to$0.80 per square foot per month.A total of approximately 210 acres are designated and zoned industrial. Approximately half the existing industrial inventory is uncommitted. Industrial land in King City is priced from $60,000 to $100,000 per acre.
Silva Property is a privately owned sixty acre business park. The park will be fully serviced, and offer lot sizes from one quarter acre. The land is zoned M-2, which permits a broader range of land use.
Airport Business Park
The Airport Business Park includes five acre parcel abutting King City Airport. The land is zoned M-2 and municipal services will be extended to the site. Development opportunities on the air-port property may also be discussed.
|King City Commercial and Industrial Construction Activity|
|Business Type||Company||Sq. Feet Area||Employees||Capital Investments||Opening|
|Basic Vegetable Products||400,000||25||$9,200,000||May-97|
|Agri-Business (Relocation)||Gonzales Irrigation||4,000||5||May-98|
|Manufacturing (New)||Temptec Engineering||4,000||3||Jan-98|
|Manufacturing (New)||Interlock Technologies||10,000||8||$1,200,000||Oct-97|
|Business Service||King City Small Business Center||10,000||3||Nov-97|
|Retail Auto Service (Expansion)||Kragen Auto Parts||8,000||4||Lease||Jan-99|
|Retail Auto Service (Expansion)||South Valley Auto||12,000||NA||NA||Jan-99|
|Manufacturing (New)||Heritage Cabinets||12,000||8||$900,000||Feb-99|
|Pioneer Equipment||11,000||5||$650,000||Summer 1999|
|Manufacturing (New)||Spanish Peaks Brewing Co.||16,000||10||$2,000,000||Summer 1999|
|Manufacturing (New)||Aerocraft Manufacturing||9,000||15||$800,000||Summer 1999|
|L.A. Hearne||90,000||20||$4,000,000||Summer 1999|
|Commercial- Town Square (New)||E & W Theaters||9,000||5||$750,000||Spring 2000|
|Commercial- Town Square (reloc./expan.)||KC Child Development Center||4,500||2||$300,000||Fall 2000|
|Institutional-Education||Hartnell College||12,000||10||$3,000,000||Spring 2002|
|Institutional-Health Care||Mee Memorial Hospital||45,000||250||$10,000,000||Spring 2001|