Liquor Store Business for
For Sale
$425,000
1576 N 1st St, Fresno, CA 93703
Established liquor store business for sale on a busy street with a transferable liquor license and convenience product mix.
Property Size2,160 SF
Price / SF$196.76
Days on Market76
Property Features for 1576 N 1st St
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Liquor License
Yes
Listing Agency:
HomeSmart PV and Associates
(559) 681-1133
Listed By:
Sharan Rakkar · License #01924725
(559) 681-1133
Source:
Exprealty
Added: May 27
Changed: Jul 10
Last Checked: Aug 10 at 10:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart PV and Associates
Investment Insights
Based on property information with market context.
This offering is for a well-established liquor store business only. The seller indicates the inventory is not included, and a clean liquor license is included with the sale. The store sells a variety of convenience items along with liquor, beer, and wine, and it also offers EBT services and Lotto sales.
The business is conveniently located on a busy street near a residential neighborhood. Public remarks note visibility and strong foot traffic at the site.
The combination of convenience retail, alcohol sales, and add-on services like EBT and Lotto can support a tenant/operator seeking an established retail format with an included liquor license. For buyers, the key items included in the transaction are the business and the clean license, while inventory should be evaluated separately since it is not included.
The business is conveniently located on a busy street near a residential neighborhood. Public remarks note visibility and strong foot traffic at the site.
The combination of convenience retail, alcohol sales, and add-on services like EBT and Lotto can support a tenant/operator seeking an established retail format with an included liquor license. For buyers, the key items included in the transaction are the business and the clean license, while inventory should be evaluated separately since it is not included.
Key Highlights
- Established liquor store business for sale on a busy street near a residential neighborhood
- Owner‑operated; sale includes the business only—inventory is not included
- Store sells liquor, beer, and wine, plus convenience items
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,238
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,760
$584.8K
Cap Rate 7%
$417,686
$417.7K
Cap Rate 9%
$324,867
$324.9K
Market Conditions
NOI Build-Up for 2,160 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.5K $19.20/SF
− Vacancy
−$2.5K −$1.15/SF
EGI
$39.0K $18.05/SF
− OpEx
−$9.7K −$4.51/SF
NOI
$29.2K $13.54/SF
Area
Fresno, CA
Vacancy
6.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,760
Cap Rate 7%
$417,686
Cap Rate 9%
$324,867
Alternative Uses
Best Use
Specialty Retail
$417.7K
$365.5K – $487.3K
NOI $29,238 @ 7.0% cap · market cap 6.88%
Second Best
Retail
$361.6K
$316.4K – $421.9K
NOI $25,311 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$636.5K
$557.0K – $742.6K
NOI $44,556 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,020
Businesses Nearby
208k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 55%
Groceries 24%
Dining 9%
Electronics 6%
Target
Superstores
114,480 visits/mo
0.1 miles
Foods Co
Groceries
50,254 visits/mo
0.2 miles
Taco Bell
Dining
16,392 visits/mo
0.1 miles
Shell
Shops & Services
9,310 visits/mo
0.1 miles
GameStop
Electronics
7,297 visits/mo
0.1 miles
Demographics for 93703, CA
34,840
Population
11,155
Households
3.1
Avg Household Size
31
Median Age
9%
College-Educated
72%
High-School Grad
4.8 sq mi
ZIP Area
7,258
Density / Sq Mi
$43,236
Median Household Income
$30,359
Median Earnings
$1,204
Median Rent
$250,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established liquor store business for sale on a busy street with a transferable liquor license and convenience product mix.
Where is this grocery and convenience store located?
The property is located at 1576 N 1st St Fresno, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Established liquor store business for sale on a busy street near a residential neighborhood; Owner‑operated; sale includes the business only—inventory is not included; Store sells liquor, beer, and wine, plus convenience items
