$950,000

1459 N Van Ness Ave, Fresno, CA 93728

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9,645 sqft · $98/sqft · 0.25 acres

Commercial Sale · Commercial · Built 1948 · 243 days on Properkey

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 8.67% current cap rate with upside potential to a 9.8% pro forma cap rate, making it an attractive value-add opportunity in a high-demand Fresno submarket. Turnkey income with future growth potential.

Agent & source

Listed by
Taylor Olson
Brokerage
Gentile Real Estate
DRE
#01933206
MLS # 641666 Source FRESNO

Property details

Rooms & Layout

Levels
Two

Property Features

Possible Use
Retail, Shop - Commercial
Lot features
Total Parcel Only
Road
City Street

Building & Construction

Construction Materials
Brick/Block, Stucco
Roof
Composition, Flat

Exterior & Parking

Parking
Open parking, On Street

Interior & Comfort

Heating
Yes
Cooling
Central Heat/Cool

Utilities

Water Source
Public
Sewer
Public Sewer
Electric
Individual Meter
Natural Gas Connected

Nearby

Active Pending Closed Rental

School information not available for this property.

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