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301 Van Ness Ave Fresno, CA 93721-3125

OFF-MARKET Warehouses Google Maps
53,074 SF 1.27 ac lot Built 1925
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$645k
Range $581k – $710k (±10%)
Property ID US09-2592551

Property summary

AI-generated overview

This iconic seven-story Bekins building, located at 301 Van Ness Ave in Downtown Fresno, CA 93721, presents a unique redevelopment opportunity. The 56,320 square foot property sits on a 1.27-acre lot and boasts high visibility from Highway 41, offering excellent freeway access via the Highway 41 and Van Ness interchange. Originally constructed in 1925 of reinforced concrete, this landmark building was once one of Fresno's tallest. The main structure features ground-floor office space, two restrooms, and a dock-high receiving area with two dock-high doors. Access to the upper six floors (approximately 60' x 100' each, with 9' ceilings) is via freight or passenger elevators. A 15,000+ square foot warehouse addition, built in the 1940s, provides 12'-16' clear height and fire sprinklers. The property is zoned DTN (Downtown), allowing for potential conversion to office, retail, or residential uses. The asking price is $3,000,000 ($53.27/sq ft). This multi-story building is situated within an Opportunity Zone, presenting significant investment potential. The APN is 468-274-25.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1925
Construction CONCRETE
Total area 53,074 SF
Lot 1.27 ac (55,321 SF)
Zoning code DTN
APN 468-274-25
UPID US09-2592551

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Moving Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.72M
Blend (final) Blend
$645k

Owner & transaction history

since 2025
7 recorded transactions
2025
$2.3M
2015
Price N/A
2013
Price N/A
1998
Price N/A
1996
Price N/A
1996
$540,000
1990
$400,000

Zoning & alternative use

DTN · Fresno, CA
Zoning description

The DTC District will foster the enhancement of Fresno's business, shopping, and cultural heart by guiding the development of the densest, most active, and most interesting mixed-use urban center in the region.

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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