Freestanding Retail/Office Building with
2428 San Benito St Fresno, CA 93721
2428 San Benito St, Fresno, CA, 93721
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For Sale
Contact for pricing
Remodeled retail/office building with studio apartment and advertising platform.
Property Size2,000 SF
Price / SF$149.50
Days on Market877
Property Features for 2428 San Benito St
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1968
Listing Agency
C21 Commercial
(559) 359-4035
Listed by
Jared Ennis · License #CA
Source
Crexi
Added: Feb 23, 2024 Checked: Jul 17 at 4:22 am
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 property features a ±1,550 square foot freestanding open retail/office building and a detached ±450 square foot studio apartment. The buildings are separated by a central fenced yard area and have separate entrances. The front flex building includes an ADA restroom, an office, and a wide open area with a full kitchen and a rollup door into the middle yard area. The rear studio apartment has a large room with a full tub/shower in the restroom. Both buildings have been fully remodeled with new paint, new hard-surface polished flooring, new insulation, a new 2022 roof, LED lighting, new 2023 HVAC units, and new doors/hinges/locks. The property has separate meters, access to high-speed internet, private ADA restrooms, and private entrances with secured entry. There are 12+ outdoor LED lights for nighttime illumination. The building offers great visibility and easy access to CA-41 ramps. It includes a full exterior lit private parking area with 8 spaces, plus street parking. An existing 7' x 15' billboard sign provides an advertising platform with high visibility and potential for additional revenue streams.
Key Highlights
- High‑visibility location with easy access to CA‑41 and an existing 7' x 15' billboard sign for advertising and potential revenue.
- Fully remodeled in 2022/2023 with new roof, HVAC, flooring, paint, insulation, LED lighting, doors/hinges/locks.
- Two separate buildings: a ±1,550 SF retail/office space and a detached ±450 SF studio apartment, offering flexibility and potential rental income.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $18.00 |
| − Vacancy | −$2.5k | −$1.26 |
| EGI | $33.5k | $16.74 |
| − OpEx | −$10.0k | −$5.02 |
| NOI | $23.4k | $11.72 |
2,000 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$334.8K
$293.0K – $390.6K
NOI $23,436 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.4K
$515.7K – $687.6K
NOI $41,256 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rosa's Dance/Fitness Studio
Training Center
8 Real Estate ...
Real Estate Agency
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FAQs
What type of property is this?
Retail space - Remodeled retail/office building with studio apartment and advertising platform.
Where is this retail space located?
The property is located at 2428 San Benito St Fresno, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: High‑visibility location with easy access to CA‑41 and an existing 7' x 15' billboard sign for advertising and potential revenue.; Fully remodeled in 2022/2023 with new roof, HVAC, flooring, paint, insulation, LED lighting, doors/hinges/locks.; Two separate buildings: a ±1,550 SF retail/office space and a detached ±450 SF studio apartment, offering flexibility and potential rental income.
