1405 Van Ness Ave Fresno, CA 93728-1938
- Retail space
- 9,250 SF
- 0.29 lot acres
Sep 11, 2024
Current Use by Public Records
- Chase Flower Shop / Florist
Property Details for 1405 Van Ness Ave
- Year built
- 1937
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.29 lot acres
- Property size
- 9,250 SF
- Zone code
- CMS
- Property type
- Retail space
- APN
- 451-121-10
- APU
- 45112110
Description
This exceptional investment opportunity presents a fully leased 9,250 square foot retail building situated on a 0.29-acre lot at 1405 N Van Ness Avenue, Fresno, CA. The property boasts excellent visibility and high traffic counts due to its prime location within a thriving retail corridor and proximity to established neighborhoods. The building comprises three versatile retail spaces and one substantial warehouse space, offering diverse income streams and potential for future expansion. A significant advantage is the inclusion of a shared private parking lot providing ample parking for tenants and customers, exceeding 20 stalls. This strategic location offers easy access to major freeways, enhancing convenience and accessibility. The property's strong tenant occupancy ensures a consistent rental income stream, making it an attractive proposition for investors seeking a high-performing asset in a desirable Fresno location. The building's size, layout, and location combine to create a compelling investment opportunity with significant potential for long-term growth and return. This is a rare chance to acquire a cornerstone property in Fresno's dynamic retail market. The asking price is $835,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $300,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $347,000
Market price range: $347k - $916k
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Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.799
- Latitude
- 36.7615
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA