Leased Investment Opportunity on
For Sale
Contact for pricing
2811 N Blackstone Ave, Fresno, CA 93703
Freestanding building with 9 spaces, fully leased, income potential.
Property Size6,866 SF
Lot Size0.40 Acres
Price / SF$115.06
Days on Market645
Property Features for 2811 N Blackstone Ave
General Information
Standard status
Active
Size
6,866 SF
Lot size
0.40 Acres
Property subtype
Retail
Lease Type
NNN
Building Details
Tenancy
Multi
Listing Agency:
C21 Commercial
(559) 359-4035
Listed By:
Jared Ennis · License #CA
Source:
Crexi
Added: Nov 6, 2024
Changed: Aug 12
Last Checked: Aug 12 at 9:06AM
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 C21 Commercial
Investment Insights
Based on property information with market context.
This freestanding building, totaling approximately 6,866 square feet, is situated on approximately 0.4 acres (approximately 17,424 square feet) of office or retail space off Blackstone Avenue. The property features nine economical, separate spaces, each with a private restroom and leased to long-term tenants at a modified gross lease rate. Two suites include brand new HVAC systems. The property generates in-place rents of $75,600 per year. All tenants pay the scheduled base rent plus the actual cost of customary pass-through expenses such as trash, water, and electrical. After realizing the scheduled annual increases (3% per year) and extending leases to the market rate of $1.40 per square foot per month for the smaller units, the realistic 6-12 month gross annual income is scheduled to be $94,584. The property offers configurations ranging from approximately 375 to 1,200 square feet, with the ability to combine spaces to create larger units via existing connecting doors between the units. It also features access to high-speed internet, separate meters, private ADA restrooms, a full exterior lit private parking lot, excellent existing signage, great visibility, and easy access to CA-41 ramps.
Key Highlights
- 100% leased investment opportunity generating $75,600/year.
- Significant upside potential with a projected $94,584 gross annual income within 6‑12 months.
- High cash‑on‑cash return of 9.87% with 30% down payment and a 2.01 DCR.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding building with 9 spaces, fully leased, income potential.
Where is this retail space located?
The property is located at 2811 N Blackstone Ave Fresno, CA.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 100% leased investment opportunity generating $75,600/year.; Significant upside potential with a projected $94,584 gross annual income within 6‑12 months.; High cash‑on‑cash return of 9.87% with 30% down payment and a 2.01 DCR.
