Central Fresno Retail/Office
444 N Blackstone Ave Fresno, CA 93701
444 N Blackstone Ave, Fresno, CA, 93701
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For Sale
Contact for pricing
3,480 SF building with retail and office spaces for sale.
Property Size3,480 SF
Price / SF$152.27
Days on Market927
Property Features for 444 N Blackstone Ave
General Information
- Standard status
- Active
- Size
- 3,480 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1949
Listing Agency
C21 Commercial
(559) 359-4035
Listed by
Jared Ennis · License #CA
Source
Crexi
Added: Jan 4, 2024 Checked: Jul 17 at 9:37 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 3,480 SF building is located in Central Fresno and offers an SBA owner/user opportunity. The property features four separately metered offices with various configurations and sizes. Unit #444, consisting of approximately 900 SF, includes three open rooms and a private restroom, with direct access to the rear fenced yard and parking lot. The unit also offers direct access to restrooms, high-speed internet, signage, and parking. Ample parking is available in the back, as well as street parking. The property is zoned for cannabis retail (CMX), is outside the Exclusion Area, and is more than 800 feet from a sensitive use located in District 7. The location provides direct access to Shaw and Blackstone Avenues, with approximately 49,261 cars per day within 0.5 miles of the property, and an additional 225,112 cars per day from nearby CA-180. This is a value-add investor or owner-user opportunity with easy-to-rent small office spaces. The location offers visibility and access along Blackstone Ave. Units #444 and #446, each approximately 900 SF, are currently combined as the seller's printing company, consisting of multiple offices and a reception area, but can be separated. Unit #448 was formerly a church, and #450 is currently a barber shop; each of these units is approximately 900 SF. The owner currently occupies #444 and #446 and is willing to do a lease back or vacate. The barber shop in #450 has a 1-year lease.
Key Highlights
- Zoned for cannabis retail (CMX) and outside the Exclusion Area, offering a rare and valuable business opportunity.
- Excellent SBA owner/user opportunity with potential for lease income from existing tenants.
- High traffic location on Blackstone Ave with ±49,261 Cars Per Day within .5 miles, providing excellent visibility.
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 | $62.6k | $18.00 |
| − Vacancy | −$4.4k | −$1.26 |
| EGI | $58.3k | $16.74 |
| − OpEx | −$17.5k | −$5.02 |
| NOI | $40.8k | $11.72 |
3,480 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$736.0K
$644.0K – $858.7K
NOI $51,521 @ 7.0% cap · market cap 9.72%
Second Best
Retail
$582.6K
$509.7K – $679.7K
NOI $40,779 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$1.03M
$897.3K – $1.20M
NOI $71,785 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 3,480 SF building with retail and office spaces for sale.
Where is this retail space located?
The property is located at 444 N Blackstone Ave Fresno, CA.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Zoned for cannabis retail (CMX) and outside the Exclusion Area, offering a rare and valuable business opportunity.; Excellent SBA owner/user opportunity with potential for lease income from existing tenants.; High traffic location on Blackstone Ave with ±49,261 Cars Per Day within .5 miles, providing excellent visibility.
