1327 N St - Office FOR SALE


Fresno, CA 93721
$1,345,000 USD
559-222-3058
1327 N St, Fresno, CA for Sale
$1,345,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

1327 N St
Fresno, CA 93721


HIGHLIGHTS

  • Freestanding Building
  • Corner Parking Lot
  • Fire-sprinklered

OVERVIEW

UPDATE - PRICE REDUCED! For sale is a standalone building conveniently located near City Hall. This fire sprinklered property features multiple private offices, a spacious conference room, restrooms, and a break room. It is currently utilized by law offices on a month-to-month basis. Included in the sale is a large corner parking lot (approximately 30 parking stalls) is situated across from the courthouse. Both of these properties have the potential for redevelopment, offering future income opportunities. They lie within a designated inner-city area, meaning the City of Fresno planning and development fees are reduced by 50%. They are also situated within an Opportunity Zone, increasing its possible investment incentives. The parcels are classified as DTN zoning, Activity Class C, offering a broad spectrum of zoning possibilities, including high-density development with allowances for structures of up to 15 stories. There are no parking spaces requirements for non-residential uses and reduced parking space requirements for residential uses. The surrounding market area is currently experiencing significant redevelopment, with downtown Fresno securing a substantial $300 million in state grants dedicated to upgrading infrastructure and supporting future development. Now is the time to invest in Downtown. Please refrain from disturbing the current occupants.

FOR SALE DETAILS

PRICE

$1,345,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Freestanding Building Plus Corner Parking Lot

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,750 SF

ZONING

DTN

APN/PARCEL ID

466-112-04,466-112-11

ASK ABOUT THIS PROPERTY

Ronald StumpfStumpf & CompanyMore Info
559-222-3058

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Ronald StumpfStumpf & CompanyMore Info
559-222-3058

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.