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190 N Van Ness Ave

Fresno, CA 93701

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$698,000

2 ba
  |  
3,747 sq ft
  |  
0.27 acre

190 N Van Ness Ave

Fresno, CA 93701

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Listed On: 10/17/2024
Status: Active
Listing Number: 620171 (Fresno MLS)

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Contact Info

Presented By:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
190 Van Ness Professional Office Suites is a 12 individual unit single story office building ideally located in Downtown Fresno. It is well positioned with upside potential. bCurrent pricing reflects an 8.3% Cap Rate /bonce rents are raised. Rents per square foot have risen dramatically since April 2023 when the property was able to be leased. Rents are expected to continue to rise quickly due to a lack of individual office suites in this area. With no rent control on office space, future rent increases can be raised according to market rents and are not subject to incremental rent raises. This property is fully ADA compliant. The 190 Van Ness Professional Office Suites were completely remodeled in early 2023 with fully owned solar added in August 2024. Ideal tenants include esthetician and beauty services, barbers and salons, therapists, tech services, e-commerce, legal services, notary's, insurance services, realtors, and more. Contact your agent or the listing agent for the property brochure, rent roll and detailed financials. Showings available.br
Property Type
Commercial
Property Subtype 1
Office
Property Subtype 2
Retail
Property Subtype 3
Medical/Dental
Year Built
1966
Location
Corner, Frontage
Region
Urban
Special Conditions
1031 Exchange
Stories
One
Potential Use
General Office, Medical Office, Retail Store, Shop - Neighborhood
Total Buildings
2
Price Per Square Foot
$186
Price Per Acre
$2,582,316
Days On Market
422
Cumulative Days On Market
422
County
Fresno
Miscellaneous
Security Lighting, Handicap Facilities, Security Lighting, Signage
REO / Bank Owned
Yes
Cross Street Address
Divisadero
Directions
From Divisadero/Van Ness: Travel North on Van ness, property is on the corner of Van Ness/Nevada.
Heating & Cooling
Central Heat/Cool
Roof
Flat
Alarm & Security System
Burglar, Monitored
Loading
None
Floor
Concrete Perimeter
Restrooms
2
Exterior
Brick/Block, Stucco, Wood
Electric
Master Meter
Water / Sewer / Gas
City Water, City Sewer, Master Gas Meter
Office Sq. Ft.
2915
Additional Parking
10 - 20 Spaces,Street
Access
Freeway, State Highway, Major Highway, City Street, Paved Road, Airport 6+ Miles
Fence
Chain Link
APN
459 311 25 [PARCEL MAP]
Zoning
NMX
Sale Options
Total Parcel Only
Seller Will Consider
Conventional, Cash, Owner Carry
Sales Includes
Land & Improvements, Building (s)
Occupancy
Full Service, Gross Lease
Tenant Pays
Other
Owner Pays
Utilities, Taxes, Insurance, Maintenance Fees, Parking Area, Janitorial
Operating Income
90948.00
Operating Expense
32983.00
Existing Loan
Free & Clear

Courtesy of Jeffrey Zimmerman, Realty Concepts, Ltd. - Fresno - [email protected]
Last modified 2 months ago
Fresno MLS last checked for updates 1 minute ago

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

Copyright © 2025  London Properties, Ltd. All rights reserved.

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