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In-PersonVirtual Tour
$ 1,050,000
Est. payment | /mo
9,645 SqFt
$ 1,050,000
Est. payment | /mo
9,645 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,645 sqft
Price per Sqft $108
MLS Listing ID 641666
HOA Y/N No
Year Built 1948
Lot Size 0.252 Acres
Property Sub-Type Commercial
Property Description
Excellent investment opportunity at 1459 & 1461 N Van Ness Ave, Fresno, CA 93728. This fully leased multi-tenant commercial property consists of two buildings on two separate parcels, being sold together as a package. The property features 12 suites, all 100% occupied by long-term tenants, providing strong in-place income. Ideally located near Fresno City College and within close proximity to the entertainment and retail offerings of the Tower District, the property totals 9,645 square feet of building improvements situated on 11,000 square feet of land. The asset is offered at a 7.8% current cap rate with upside potential to a 8.8% pro forma cap rate, making it an attractive value-add opportunity in a high-demand Fresno submarket. Turnkey income with future growth potential.
Location
State CA
County Fresno
Zoning C-2 (Community Shopping Center)
Interior
Cooling Central Heat/Cool
Exterior
Parking Features On Street
Utilities Available Natural Gas Connected
Roof Type Composition,Flat
Building
Lot Description Total Parcel Only
Story 2
Sewer Public Sewer
Water Public
Others
Virtual Tour https://listings.phrameca.com/videos/019b9fed-4004-722c-a0cf-fbfb2702fab5
Listed by Taylor C Olson Gentile Real Estate
NEARBY SCHOOL & BUSINESS