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    FOR SALE
    Automotive properties

    2627 N Blackstone Ave, Fresno, CA 93703

    2,734 SF 1.8 ac lot Built 1968
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-2331317
    2627 N Blackstone Ave, Fresno, CA 93703 For Sale
    $1,495,000 2,734 SF
    2627 N Blackstone Ave, Fresno, CA 93703
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    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 2,734 square foot, multi-tenant retail property ideally situated at the northwest corner of Blackstone and Harvard Avenues in Fresno, California. The property, built in 1968, sits on a 1.8-acre lot (78,408 square feet) and boasts 100% occupancy. Currently operating as an auto dealership, the property benefits from its high visibility and strategic location. It's within one mile of Manchester Center Mall and Fresno City College, and a half-mile from the 41 Freeway (Shields Avenue) on/off ramps. The property is zoned NMX (Neighborhood Mixed Use), offering flexibility for future development or continued operation as an auto dealership. The single-story building comprises 2,734 square feet and is situated on a large lot, providing ample space for expansion or additional uses. The property's prime location and strong occupancy make it an attractive investment for both owner-users and investors seeking a stable, high-return asset. The Assessor's Parcel Number (APN) is 443-262-06, Fresno County. This is a price-reduced offering.

    Property profile
    Verified
    Property type Automotive properties
    Use group VEHICLE SALES, RENTALS
    Year built 1968
    Construction WOOD
    Total area 2,734 SF
    Lot 1.8 ac (78,408 SF)
    Zoning code NMX
    APN 443-262-06
    UPID US09-2331317
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Fresno Auto Traders Car Dealership
    • Elite Auto Fresno Inc. Car Dealership
    • Elite Auto Fresno Car Dealership
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $675k
    Blend (final) Blend
    $615k
    Owner & transaction history
    Ke De 22119 LLC · 1 yrs held
    Ke De 22119 LLC
    since 2024
    7 recorded transactions
    2024
    2012
    2009
    2005
    $3.1M
    2004
    1996
    1996
    $425,000
    Zoning & alternative use
    NMX · Fresno, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $950,000 +120.3%
    Medical building $550,000 +27.5%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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