1459 N Van Ness Avenue, Fresno, CA 93728
- $1,050,000
- 9,645
- SqFt
- List Price
- $1,050,000
- Price Change
- ▼ $100,000 1780359109
- MLS#
- 641666
- Living Sq. Ft
- 9,645
- Type
- Commercial
- Zip
- 93728
- city
- Fresno
- Status
- ACTIVE
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.
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Additional Information
- Acres
- 0.25
- Living Area
- 9,645
- Lot Size
- 10,998
- Stories
- 2
- Year Built
- 1948
- Zoning
- C-2 (Community Shopping Center)
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Listing courtesy of listing agent Taylor C Olson with Gentile Real Estate, 559-903-4849.
Based on information from the Fresno Association of REALTORS® as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Offer of compensation is made only to Participants of the MLS where the listing is filed.