$698,000
190 N Van Ness Avenue Fresno, CA 93701
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$698,000
Est. payment /mo
2 BA
3,747 SqFt
New
190 N Van Ness Avenue Fresno, CA 93701
UPDATED:
10/17/2024 08:10 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 3,747 sqft
Price per Sqft $186
MLS Listing ID 620171
Year Built 1966
Lot Size 0.270 Acres
Property Description
190 Van Ness Professional Office Suites is a 12 individual unit single story office building ideally located in Downtown Fresno. It is well positioned with upside potential. Current pricing reflects a 6.65 Cap Rate. Rents per square foot have risen dramatically since April 2023 when the property was able to be leased. Rents are expected to continue to rise quickly due to a lack of individual office suites in this area. With no rent control on office space, future rent increases can be raised according to market rents and are not subject to incremental rent raises. This property is fully ADA compliant. The 190 Van Ness Professional Office Suites were completely remodeled in early 2023 with fully owned solar added in August 2024. Ideal tenants include esthetician and beauty services, barbers and salons, therapists, tech services, e-commerce, legal services, notary's, insurance services, realtors, and more. Contact your agent or the listing agent for the property brochure, rent roll and detailed financials. Showings available.
Location
State CA
County Fresno
Area 701
Zoning NMX
Interior
Heating Central Heat/Cool
Cooling Central Heat/Cool
Flooring Concrete Perimeter
Exterior
Exterior Feature Brick/Block, Stucco, Wood
Garage 10 - 20 Spaces, Street
Fence Chain Link
Roof Type Flat
Parking Type 10 - 20 Spaces, Street
Building
Story One
Sewer City Water, City Sewer, Master Gas Meter
Water City Water, City Sewer, Master Gas Meter
Others
Acceptable Financing Conventional, Cash, Owner Carry
Listing Terms Conventional, Cash, Owner Carry
Special Listing Condition 1031 Exchange
Listed by Jeffrey Zimmerman • Realty Concepts, Ltd. - Fresno
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