1459 N Van Ness Ave - Storefront FOR SALE


Fresno, CA 93728- Tower District
$1,300,000 USD
559-213-5368
1459 N Van Ness Ave, Fresno, CA for Sale
$1,300,000 USD
Storefront - FOR SALE
1/24
null | 5.6% Cap Rate

1459 N Van Ness Ave
Fresno, CA 93728
Tower District


HIGHLIGHTS

  • Fully Leased Multi-Tenant Investment – 11 suites across two buildings, 100% occupied by long-term tenants
  • Strong In-Place Income – Stable cash flow with immediate return from day one
  • Value-Add Upside – 5% current cap rate with potential to achieve ~7% pro forma cap rate
  • Two Parcels Sold Together – Improved diversification and future flexibility
  • Prime Central Fresno Location – Near Fresno City College and the Tower District
  • High-Demand Rental Submarket – Consistent tenant demand supported by nearby retail, entertainment, and residential density

OVERVIEW

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 stable 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% 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.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$591 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,000 SF

ZONING

C2

APN/PARCEL ID

451-121-05

ASK ABOUT THIS PROPERTY

Yusef MijalliGentile CommercialMore Info
559-213-5368

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Yusef MijalliGentile CommercialMore Info
559-213-5368

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