$1,275,000

444 E Olive Ave, Fresno, CA 93728

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3,444 sqft · $370/sqft · 0.24 acres

Commercial Sale · Commercial · Built 1987 · 24 days on Properkey

Description

Two-tenant retail investment opportunity located at 444 E Olive Ave in Fresno. The property consists of approximately 3,444 square feetand is occupied by two established tenants: a laundromat and a pizza restaurant. Asking price is $1,275,000. Based on seller-providedestimated NOI of $76,601, the offering reflects an approximate 6.01% cap rate. The property also reflects an approximate 8.11% grossscheduled income yield based on total annual gross billings. Current lease structure includes base rent plus NNN reimbursements,existing 3% yearly rent raises, and tenant reimbursement obligations. Seller is currently negotiating updated long-term leasedocumentation with the existing tenants. The property benefits from a visible Olive Avenue location, established neighborhood traffic,and income from two separate tenants. Please contact listing agent for rent roll, operating statement, lease information, and duediligence materials. Buyer to verify all income, expenses, lease terms, square footage, zoning, permitted uses, taxes, and reimbursableexpense treatment

Agent & source

Listed by
Gurbeer Sangha
Brokerage
Epique Realty
DRE
#02200064
MLS # 655754 Source FRESNO

Property details

Property Features

Possible Use
Laundromat, Restaurant
Road
City Street

Building & Construction

Roof
Flat

Exterior & Parking

Parking
10 - 20 Spaces

Interior & Comfort

Heating
Yes
Cooling
Central Heat/Cool

Utilities

Water Source
Public
Sewer
Public Sewer
Electric
Master Meter, Individual Meter

Nearby

Active Pending Closed Rental

School information not available for this property.

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