2811 Blackstone Ave Fresno, CA 93703

Property Details for 2811 Blackstone Ave

Property size

6,866 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

Description

This exceptional investment opportunity presents a fully leased, 6,866 square foot retail building situated on approximately 1.04 acres in Fresno, California. The property, located at 2811 N Blackstone Ave, boasts nine separate, economical office/retail spaces, each with a private restroom, currently leased to long-term tenants under a modified gross lease. Two suites feature brand new HVAC systems installed in 2021. The property generates a substantial annual income of $75,600, with significant upside potential through scheduled rent increases (3% annually) and market rate adjustments for smaller units, projected to reach $94,584 annually within 6-12 months. The building offers flexible configurations, ranging from approximately 375 to 1,200 square feet, with connecting doors allowing for larger unit creation. Amenities include high-speed internet access, separate meters, private ADA-compliant restrooms, a fully lit private parking lot, excellent signage, and high visibility. Its prime location on Blackstone Avenue, near Manchester Center and other major retailers, provides exceptional access to CA-41 and CA-99 freeways, ensuring high consumer traffic and strong visibility. The property features a newer roof and hard surface flooring, contributing to low maintenance and high return. The asking price is $790,000, representing a 7.46% cap rate and a strong cash-on-cash return when leveraged. This is a rare opportunity to acquire a cash-flowing asset in a thriving retail corridor with significant growth potential.