617 N Fulton St Fresno, CA 93728
Owner-user/investment opportunity with income potential and established tenants.
Type:Office, Retail
Property size:
2,300 SF- Added:
- Aug 23, 2024
- Days on Market:
- 605
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 617 N Fulton St
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1953
Listing agent Jared Ennis License #CA
Listing office C21 Commercial
Listing date Aug 23, 2024
Source Crexi
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
Overview
Versatile Income Property on Fulton
This property presents a versatile opportunity for both owner-users and investors, featuring three established long-term tenants. It offers a strategic advantage for an owner-user seeking a functional space with existing rental income. Investors may find the stability provided by the current tenants attractive for portfolio diversification in a thriving location. Each unit features an open floor plan and a private restroom. Two of the units have automatic remote-controlled wrought iron gates at the back for secure and private access. The property offers easy-to-rent spaces on Fulton Street, with convenient access to major freeways. A value-add opportunity exists by addressing the under-market rent of one tenant and extending lease lengths over the next 6-12 months. The current actual rents collected amount to $39,600 per year, with upside potential. After addressing the slightly under-market rents, the realistic stabilized gross annual income is $43,260. The property comprises a total size of 2300 square feet. The location is within an under-built market with a strong need for these types of units. Once stabilized, the deal offers a 7.83% CAP rate and an 8.05% cash-on-cash return.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.8008066
- Latitude
- 36.7517982
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Owner-user/investment opportunity with income potential and established tenants.
Where is this retail space located?
The property is located at 617 N Fulton St Fresno, CA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Existing long‑term tenants provide immediate rental income.; Value‑add opportunity to increase rental income by addressing under‑market rent.; High visibility location on Fulton St with easy freeway access.
