1210 N Blackstone Ave - Drug Store FOR SALE


Fresno, CA 93703- McLane
$4,000,000 USD
213-943-1822
1210 N Blackstone Ave, Fresno, CA for Sale
$4,000,000 USD
Drug Store - FOR SALE
1/6
null | Request Cap Rate

NEW


1210 N Blackstone Ave
Fresno, CA 93703
McLane


HIGHLIGHTS

  • Former Rite Aid Building with Potential for Repositioning, Redevelopment or Owner-User Use
  • 16,708 SF Building on ±1.70 Acres (73,844 SF). Features Include a Drive-Thru, Ground-Level Loading, and Secure Trash Enclosures
  • Located Along North Blackstone Avenue – One of Fresno’s Primary Arterial Roads With Combined Traffic Counts of 40,000+ Cars Per Day
  • Over 12 Million SF of Retail Within 2 Miles, Including River Park Shopping Center (1M+ SF), Fashion Fair Mall (963,000 SF)
  • Strong National/Credit Tenant Presence
  • 5-Mile Radius Population of 363,000+, Average Household Income of $70,312

OVERVIEW

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present the opportunity to acquire 1210 North Blackstone Avenue—an infill, value-add asset offering significant repositioning or redevelopment potential. Formerly occupied by Rite Aid, the property is strategically located at the signalized intersection of Blackstone Avenue and Olive Avenue, benefiting from excellent visibility, multiple points of ingress and egress, and close proximity to both California State Route 180 and California State Route 41. The combined traffic counts (271,020 cars per day) contribute to its high exposure and accessibility. Blackstone Avenue is one of Fresno’s primary commercial corridors, serving as a major retail and residential artery. This location represents a compelling long-term investment opportunity due to its consistent economic activity and strategic centrality. The property features approximately 16,708 square feet of building area situated on ±1.70 acres (73,844 SF) of land. The structure includes ceiling heights ranging from 14 to 19 feet, an operational drive-thru, a ground-level loading area at the rear, and secure trash enclosures. These features make the asset ideal for a variety of commercial uses, including a value-add investment or an owner/user scenario, with potential eligibility for SBA financing. 1210 North Blackstone Avenue is located in the heart of Fresno’s premier retail hub, with more than 12 million square feet of retail space within a two-mile radius. Prominent nearby destinations include River Park Shopping Center (+1,000,000 SF), Fashion Fair Mall (963,000 SF), and numerous national credit tenants such as Target, Ross Dress for Less, Harbor Freight, McDonald’s, Starbucks, and Taco Bell—further enhancing consumer traffic and demand in the area. Additionally, the property benefits from its proximity to Fresno City College (22,000+ students) and Community Regional Medical Center (685 beds), reinforcing the stability and vitality of the surrounding trade area. The demographics within a five-mile radius are strong, with a population exceeding 363,000 and an average household income of $70,312, underscoring the property’s long-term viability and growth potential.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Vacant RiteAid High Traffic Signalized Corner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

73,844 SF

ZONING

CM

APN/PARCEL ID

451-285-15

ASK ABOUT THIS PROPERTY

Orbell OvanessMarcus & MillichapMore Info
213-943-1822

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Orbell OvanessMarcus & MillichapMore Info
213-943-1822

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.