617 Fulton St Fresno, CA 93728
- Office space
- 2,300 SF
- 0.95 lot acres
Current Use by Public Records
- Office space
Property Details for 617 Fulton St
- Year built
- 1953
- Lot size
- 0.95 lot acres
- Property size
- 2,300 SF
- Property type
- Office space
- Property subtype
- Retail space
- APN
- 452-274-04
Description
This exceptional owner-user/investment opportunity in Fresno, CA, presents a compelling blend of immediate income and future growth potential. Located at 617 N Fulton St, this single-story, 2,300 square foot building sits on a 0.951-acre lot (APN 452-274-04) and features three units, each with an open floor plan and private restroom. Currently 100% occupied with long-term tenants, the property generates a current NOI of $23,740, representing a 6.78% cap rate. The asking price is $350,000 ($152.17/sq ft and $116,667 per unit). Significant value-add potential exists through lease renegotiations with one under-market tenant, projected to increase the NOI to $27,400 and the pro-forma cap rate to 7.83%. The property benefits from high visibility on Fulton Street, excellent access to major freeways, and proximity to Fresno City College and CSU Fresno. The building's location within a thriving commercial area, combined with its strong tenant base and value-add opportunities, makes it an attractive investment for both owner-users and investors seeking a stable, high-return property. The permitted zoning is CMS - Commercial Main Street, and the building was constructed in 1953. This well-maintained property offers a unique opportunity to acquire a versatile commercial space with immediate income and substantial upside potential in a desirable Fresno location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.8005493
- Latitude
- 36.7518213
