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https://www.londonproperties.com/property/link/fresno/641666/1459-N-Van-Ness-Ave/Fresno/Tower-District/https://www.londonproperties.com/images/props/fresno/full/641666.jpgLondon Properties Fresno Real Estate | 1459 N Van Ness Ave
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 11 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 5.6% current cap rate with upside potential to a 7% pro forma cap rate, making it an attractive value-add opportunity in a high-demand Fresno submarket. Turnkey income with future growth potential.
Property Type
Commercial
Property Subtype 1
Retail
Property Subtype 2
Shopping Center
Year Built
1948
Special Conditions
1031 Exchange
Stories
Two
Potential Use
Retail Store, Shop - Commercial
Total Buildings
2
Price Per Square Foot
$135
Price Per Acre
$5,148,515
Days On Market
1
Cumulative Days On Market
1
County
Fresno
REO / Bank Owned
No
Cross Street Address
Mckinley
Directions
Property is south of Mckinley on Van Ness Ave. Buildings are on west side of street.
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0
Courtesy of Taylor Olson, Gentile Real Estate - [email protected] Last modified 10 hours ago Fresno MLS last checked for updates 57 minutes 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.
