617 N Fulton St, Fresno, CA 93728
- Retail space
- 2,300 SF
Current Use by Public Records
- Retail space
Property Details for 617 N Fulton St
- Year built
- 1953
- Property type
- Retail space
- Property subtype
- Office Units
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 8, 2025 | $300,000 | South Tower Community Land Trust | Soutchay Soyinthisane | Grant Deed | $350k · Community Vision Capital & Consulti |
| Nov 30, 2022 | $100,000 | Soutchay Soyinthisane | Alicia M Strom | Grant Deed | — |
| Nov 30, 2022 | — | Soutchay Soyinthisane | David Kerney | Deed · related | — |
| Jan 21, 2022 | — | Alicia M Strom | David Sahakian | Deed · related | — |
Description
This owner-user/investment opportunity presents a unique blend of versatility and income potential, with three established long term tenants already occupying the space. The property offers a strategic advantage for an owner-user seeking a functional space with existing rental income streams. Investors will appreciate the stability provided by the current tenants, creating an attractive proposition for those looking to diversify their portfolio in a thriving location. Each unit offers an open floor plan with a private restroom. Two of the units have automatic remote controlled wrought iron gates located in the back for a secure & private exit/entrance. Unique investment offering easy-to-rent spaces on high visibility Fulton St, with easy access to major freeways. The value-add opportunity consists of addressing the under-market rent of the (1) tenant, extending lease length over the next 6-12 months. Value-add opportunity with actual rents of $39,600/year collected plus upside potential. After addressing the slightly under-market rents, the realistic stabilized gross annual income is $43,260. Unique investment offering easy-to-rent small spaces within an under-built market offering a strong need for these type of units. Once stabilized, the deal offers a 7.83% CAP rate and a 8.05% cash-on-cash return.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.8008066
- Latitude
- 36.7517982
