Convenience Store Business with Liquor
N Palm Avenue, Fresno, CA 93728
For Sale
$375,000
Business Opportunity, Fresno, CA
Property Size2,700 SF
Lot Size0.15 Acres
Price / SF$138.89
Days on Market27
Property Features for N Palm Avenue
General Information
Property type
Property subtype
Zoning description
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Business Included
Building Details
Year built
Listing Agency:
HomeSmart PV and Associates · HomeSmart International
(559) 473-2555
Listed By:
Sharan Rakkar · License CA #01924725
(209) 602-6147
Added: Oct 18
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 656880
Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,700-square-foot convenience store business at N Palm Avenue includes fixtures and equipment, refrigerated cooler doors, and multiple refrigerators. A transferable liquor license is included in the sale. The property was built in 1950 and has covered parking.
Key Highlights
- 2,700 square feet of store space
- Transferable liquor license included in the sale
- Refrigerated cooler doors and multiple refrigerators
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,639
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,780
$632.8K
Cap Rate 7%
$451,986
$452.0K
Cap Rate 9%
$351,544
$351.5K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$48.6K $18.00/SF
− Vacancy
−$3.4K −$1.26/SF
EGI
$45.2K $16.74/SF
− OpEx
−$13.6K −$5.02/SF
NOI
$31.6K $11.72/SF
Area
Fresno, CA
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,780
Cap Rate 7%
$451,986
Cap Rate 9%
$351,544
Alternative Uses
Best Use
Specialty Retail
$522.1K
$456.8K – $609.1K
NOI $36,547 @ 7.0% cap · market cap 9.75%
Second Best
Retail
$452.0K
$395.5K – $527.3K
NOI $31,639 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$795.7K
$696.2K – $928.3K
NOI $55,696 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
1,613 visits/mo
0.2 miles
Demographics for 93728, CA
16,191
Population
6,878
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
77%
High-School Grad
3.0 sq mi
ZIP Area
5,397
Density / Sq Mi
$52,809
Median Household Income
$34,696
Median Earnings
$1,243
Median Rent
$239,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- M & T Mini Market — 830 E Belmont Ave, Fresno, CA 93701
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The sale includes refrigerated display equipment and a transferable liquor license.
Where is this grocery and convenience store located?
The property is located at N Palm Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,700 square feet of store space; Transferable liquor license included in the sale; Refrigerated cooler doors and multiple refrigerators
