946 Fulton St Fresno, CA 93728-3412
This exceptional commercial property, located at 946 N Fulton Street in Fresno, California, presents a unique investment opportunity in the thriving Tower District. The 2,784 square foot building sits on a 0.23-acre lot and is currently generating income with three leased units: two 3-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. Its central location offers unparalleled access to the area's vibrant cultural attractions, entertainment venues, and a strong community atmosphere. The property's proximity to downtown Fresno, major hospitals, Fresno City College, and Fresno State University ensures high visibility and convenient access for both employees and customers. The CMS zoning allows for a wide range of commercial and residential uses, providing significant flexibility for future development. The substantial lot size presents excellent potential for expansion, such as adding an accessory dwelling unit (ADU) or increasing parking capacity. This property offers a blend of immediate income generation and long-term development potential, making it an ideal investment for discerning buyers seeking a prime piece of Fresno real estate in a highly desirable location. Don't miss this chance to acquire a property with such versatility and potential in the heart of the Tower District.
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R.E. Custom Staging Interior Design Home Decor Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CMS · Fresno, CAFresno. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.