1725 Broadway St - Sports and Entertainment FOR SALE


Fresno, CA 93721
$3,995,000 USD
559-705-1000
1725 Broadway St, Fresno, CA for Sale
$3,995,000 USD
Sports and Entertainment - FOR SALE
1/19
null | 14.03% Cap Rate

1725 Broadway St
Fresno, CA 93721


HIGHLIGHTS

  • Long Standing Venue (100+ Years) Generating A Profit
  • Flagship Downtown Location Surrounded by Eateries/Events
  • Everything Is Included: Type 47 Liquor License, Equipment, etc
  • Year-Round Venue w/ Healthy Cash Flow | Value Add Opportunity
  • Superior Location w/ Limited Competition | Abundant Parking
  • Fresno County's Dominate Metropolitan Area

OVERVIEW

Successful and profitable Ballroom/Concert Venue PLUS the real estate! Opened in 1918 as a Natatorium and later restored as the Rainbow Ballroom in 1924 and the music has never stopped. It is the dominant landmark stitching together a unique and diverse music and entertainment district. The iconic building sits on Broadway St., the former CA-99 through Fresno, CA until the post-war expressway was built. Many nearby buildings were closed during the 1960's realignment project, but the Rainbow Ballroom been a constant throughout the years! The Rainbow Ballroom has become a premier location for live musicians to perform, including Janis Joplin, Creedence Clearwater Revival, Carlos Santana, Ike and Tine Turner Revue, Fleetwood Mac, Snoop Dog, Tyler, The Creator, A$AP Ferg, and many more! The Rainbow Ballroom also offers their venue to other events including Quinceanera's, Weddings, MMA fighting, filming, and Charity Drives. The Rainbow Ballroom is a ±18,750 SF Entertainment Ballroom/Concert Building on ±0.43 acres; The Rainbow Ballroom consist of 2 levels to offer more space when holding an event. The lower level offers a large 20'x32' stage that's 5' high, a maple flooring dance floor that can fit 600-800 people, Ballroom VIP that has 14 tables, additional VIP table area that hold 64 people, kitchen sitting area, large bar that has recently been remodeled, soft drink sales station, large kitchen with a very clean 5-year-old Ansul system in the kitchen with a 6-burner stove, flat top and 2 ovens, (2) preparation tables, (2) ice cream freezers, walk-in freezer, (2) beer fridges (3-door model), Keg cooler, and ice machine. Features (2) women's restrooms that have been completely remodeled, (1) men's restroom, private restroom for workers and musicians, and an extra area for band members. Upstairs on the second floor there are (2) additional rooms, restroom with a shower, and a large balcony for the DJ. The building is equipped with fire sprinklers throughout. This Turn-key fully operational business including 2 separate parking lots with 100 parking stalls (totaling ±0794 acres), business website, domain, 1- Type 47 Liquor License (allows for catering), tables, chairs, bar and kitchen equipment, and all office equipment. Centrally located in the fastest growing region in California to proudly serve all of Central California including cities such as Fresno (972,297 metro), Clovis (102,189), Madera (154,998), Visalia (130,753), Tulare (61,170), Hanford (55,840), Lemoore (26,199), Merced (81,743), Sanger (24,270), Selma (23,219), Kingsburg (11,382), and more! Previous gross sales 2006: $641,788.51 2009: $941,700.70 2010: $1,194,465.60 2011: $1,240,004.19 2018: $548,747.45 2019: $574,037.16

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

14.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,348 SF

ZONING

DTN

APN/PARCEL ID

466-192-07,466-192-11,466-195-02,466-196-02

ASK ABOUT THIS PROPERTY

Jared EnnisCentral CA CommercialMore Info
559-705-1000

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Jared EnnisCentral CA CommercialMore Info
559-705-1000

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