High Exposure Retail/Office Space Located on Blackstone Ave
$529,900
444 N Blackstone Ave, Fresno, CA 93701
2.42
Cap Rate
12,824.16
NOI
Details:
Highlights:
- $39K Annual Gross Rental Income | 100% Occupied
- (4) Fully Leased Commercial Suites
- Functional Small-Suite Layouts | Strong Tenant Demand
- Established Tenant Mix | Multiple Income Streams
- Quality Roof | Working HVAC's | Functional Floorplans
- Well-Known Freestanding Building w/ Blackstone Ave Exposure
- Private Lit Parking Lot + Street Parking | Great Visibility
- Convenient Location Near CA-180 & CA-41
- Busy & Established Central Fresno Commercial Corridor
- Close Proximity to Major Traffic Generators & Downtown Fresno
- Great Access & Visibility w/ Easy Highway Access
- Along Improved Belmont Ave Corridor w/ Bus Stop Access
- Quality Construction | Well Maintained | Economical Spaces
- Investment Opportunity: Fully Leased Freestanding Commercial Building
- Ample Parking | Established Tenants | Strong Exposure
- Separate Suites | Individual Entrances | Multiple Configurations
- Low-Management Multi-Tenant Investment
Description:
Fully Leased Investment Opportunity: Freestanding building totaling ±3,480 SF on ±0.165 AC of retail or office spaces off Blackstone Ave & CA-180. Offers (4) economical ±1,000 SF separate spaces with unique addresses, all currently leased to long-term tenants on Modified Gross lease forms. Current rents total $3,250/month or $39,000/year, providing an established multi-tenant income stream with 100% occupancy. Unique investment offering where an owner/user can occupy the MTM units with easy-to-rent small spaces within an under-built market offering a strong need for these type of spaces.
Unique flexibility offering configurations ranging from ±750 – 1,030 SF with the ability to combine spaces to create larger units via existing connecting doors between the units. Clean spaces with newer paint, hard-surface flooring, LED lighting, newer HVAC units, quality roof (zero leaks), & new doors/hinges/fixtures! Access to high speed Internet, separate meters, private ADA restrooms, private entrances (w/ secured entry), outdoor LED lights during the night hours, and demising walls between suites. Building offers a full exterior lit private rear parking area, excellent existing signage, great visibility & easy access to CA-180 ramps.
Office building strategically located off CA-41 and N Blackstone Ave. Location is at the intersection of Belmont Ave & N Blackstone Ave. Just North of E McKenzie Ave, East of N Fulton Street, West of N Fresno Street and South of E Olive Ave. Centrally located to all major freeways and surrounded by many national retailers including Richard's Prime Rib & Seafood, Harley-Davidson, McDonalds, Carl's Jr, Community Regional Medical Center, Starbucks and many more!
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