617 N Fulton St - Storefront Retail/Office FOR SALE


Fresno, CA 93728- Tower District
$350,000 USD
559-705-1000
617 N Fulton St, Fresno, CA for Sale
$350,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 6.78% Cap Rate

617 N Fulton St
Fresno, CA 93728
Tower District


HIGHLIGHTS

  • Owner User/Investment Opportunity | Value Add Potential
  • Upside Potential: 7.83% CAP Rate & $43K In Rents
  • Three Existing Long Term Tenants In Place
  • (3) Spaces Totaling ±2,300 SF In The Tower District of Fresno
  • Potential to Lease Out One Section For Income Potential
  • (2) Spaces Have Automatic Gates For Secure Entrance/Exit

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

6.78%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Great Owner User/Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

CMS

APN/PARCEL ID

452-274-04

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.