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600 S Prospect Ave

$0.60 to $1.30/sqft/mo

1524 Kern Street, Fresno, CA 93706

Active
Last Updated: 03/31/2025

6.02

Cap Rate

138,367.93

NOI

Details:
Cap Rate:    6.02%
NOI:    $138,367.93
Building Size:    16,710 sqft
Lot Area:    0.344 acres
Class:    A
Units:    4
Year Built:    1938
Floors:    1
Highlights:
  • Long Term Tenants In Place With Existing Occupancy.
  • 1 Block off Blackstone Ave, North of Shields Ave
  • Investment Opportunity: Leased Freestanding Office Building
  • 100% Leased w/ Long-Term Leases Through 2022
  • Easy Lease-able Units w/ Low Vacancy Turnover
  • Newer Roof, HVAC's, Asphalt, Hard Surface Floor, & Paint!
  • Well-Known Freestanding Office Building @ Entrance
  • Private Offices, Conference Room, Reception Areas
  • Private Lit Parking Lot + Street Parking | Great Visibility
  • Convenient Location Between CA-99 and CA-41
  • Busy & Established Retail Corridor w/ Access to Manchester
  • Close Proximity to Major Traffic Generators (Blackstone Ave)
  • Great Access & Visibility w/ Unmatched Level of Consumer Traffic
  • Against Newly Upgraded Shields Avenue w/ Bus Stop Access
  • Nearby Manchester Center & Blackstone Retailers
  • Economical Space Available | Fresh Paint & Flooring
Description:

±1,800-5,610 SF of retail space available in Chinatown in Downtown Fresno. There are (2) spaces available which can be combined or leased individually. Space #3 is a end cap former Dick's Shoes that consist of ±1,800 SF of wide open retail with many brick & historical features plus a bonus ±1,800 SF 7' tall basement. #4 consist of ±3,810 SF total with 1,710 SF office space and 2,100 SF warehouse with a rear rollup door, alley access, and a private restroom. Located on the corner of "F" Street and Kern Street with on/off ramps to HWY-99 just 2 blocks North of the subject property. Tenant Improvements are available.

Among other Chinatown plans include: Additional street lighting on F Street between Fresno and Ventura streets with the installation of 14 LED streetlights. Planting more than two dozen trees on F Street between Fresno and Mariposa streets to provide shade from Fresno’s triple-digit summer temperatures. Repairing cracked and broken sidewalks on F Street between Fresno and Ventura streets. Installing a permeable surface in China Alley between Kern and Inyo streets, in the historic heart of the district, that will allow rain water to pass into the soil instead of pooling atop the pavement. The Fresno City Council voted unanimously on Dec. 7 to award a construction contract valued at almost $5.3 million for the streetlights, trees and China Alley reconstruction. That money is coming from the city’s share of the state’s Transformative Climate Communities program – a separate pot of money from the $297 million that’s been awarded to Fresno for the broader Chinatown/downtown infrastructure improvements. Read more at: https://www.fresnobee.com/news/local/article282381028.html#storylink=cpy

Located in Downtown Fresno's China Town. Located on the corner of Kern Street and "F" Street. The property is located North of Inyo Street, South of Tulare Street, West of "E" Street and East of "G" Street. This building is in close proximity to CA-41, CA-180/168 and CA-99 and is a tremendous draw and well supports the tenants near by like: the 190,000 SF IRS building, The Grand 1401, Warnors Theatre, CVS, Club One Casino, Fresno County Superior Court, Fresno County Sheriff's Office, Chuckchansi Park, Joe's Steak House, Tioga Sequoia Brewing Company, Within walking distance to the Fulton Mall and Chukchansi Triple AAA Ballpark

Map:
4 Spaces Available

1524 Kern St #3 Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
1,800

1524 Kern St #4 Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
3,810

1524 Kern St #1 Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
3,850

1524 Kern St #2 Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
4,200
Documents:
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